Kraken UK General Manager Bivu Das welcomed the FCA’s proposal, stating it recognizes market maturity and removes outdated restrictions on retail trading of crypto ETNs

Event date

June 6, 2025

Quotes that support claims

“Repealing the ban on crypto ETNs reflects a welcome shift by the FCA, acknowledging that the market has matured significantly and that outdated restrictions no longer serve their intended purpose.”

Bivu Das, UK general manager at cryptocurrency exchange Kraken, said the move acknowledges “that the market has matured significantly and that outdated restrictions no longer serve their intended purpose”.

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Week 23 of 2025