Kraken's chief operating officer David Ripley speaks with Yahoo Finance's David Hollerith, saying despite the crypto exchange's late entry to NFTs, the market is still in its infancy and comparing it to cryptocurrency in the early-2010s.

“Kraken, for example, would like to offer an interest-bearing product but the company is wary since the SEC has not provided guidance,” said Marco Santori, the company’s chief legal officer.

“I think we’re seeing this Cambrian moment for stablecoins,” Marco Santori, chief legal officer at Kraken Digital Asset Exchange, said to TechCrunch. “They’ve really come into their own, in terms of finding a foothold in the market.”

Kraken is the first global virtual assets exchange group in the United Arab Emirates to receive a full financial licence from the ADGM, it said.

“While marketing is going to be accountable for growth, it is going to be on top of purpose-driven efforts. We won’t drive growth in the absence of that purpose, or the cost of our soul, which sometimes can happen in growth-stage startups” said Mayur Gupta, chief marketing officer at Kraken.

“The benefits of stablecoins are myriad in my mind, and one of them is that they have a more stable price as compared to the other [cryptos],” says Marco Santori, the chief legal officer at Kraken, a digital cryptocurrency exchange.