🔎 Top Crypto Exchange News – June 27, 2025
💥1. Kraken launches Krak P2P app
Kraken has introduced Krak, a peer-to-peer payments app available in over 100 countries. Users can send/receive crypto and fiat across 300+ assets, backed by blockchain and Kraken’s internal infrastructure. Future plans include virtual cards and loans 
💥2. FATF warns on crypto risks post-Bybit hack
The Financial Action Task Force flagged a $1.5 billion hack at ByBit and illicit crypto flows totaling $51 billion in 2024. Only 40 of 138 countries are compliant with FATF standards 
💥3. Singapore exchange crackdown sparks relocation
Singapore’s MAS is forcing crypto exchanges serving only overseas clients to shut down or get licensed by June 30. Many, including Bitget and ByBit, may relocate to Hong Kong or Dubai
💥4. Coinbase, Gemini, Crypto.com unveil crypto reward cards
These exchanges are rolling out credit cards offering up to 4% back in BTC, targeting mainstream users though volatility and security risks remain concerns 
📊 Why It Matters:
💥 Kraken’s move shows exchanges are becoming full financial ecosystems, not just trading platforms.
💥 Global regulation is tightening due to significant hacks and money laundering risks.
💥 Geographic flight follows regulatory shifts-exchanges must adapt fast.
💥 Crypto credit cards could expand retail adoption-if users stay informed.
📌 Bottom Line:
Crypto exchanges are evolving- integrating P2P payments, expanding into finance, and navigating a shifting regulatory landscape. It’s a critical time to stay alert.
Let me know if you’d like a visual breakdown or detailed dive into any of these stories!
