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The U.S. Securities and Exchange Commission is investigating one of the world’s largest crypto exchanges, Kraken, over whether it violated securities regulations on certain offerings to American investors, according to a report by Bloomberg on Wednesday afternoon.
The report, which cites a person familiar with the matter, said that the investigation was at an advanced stage, and could lead to a settlement “in the coming days.” It wasn’t clear which offerings and tokens were allegedly under investigation.
Both Kraken and the SEC declined to comment on the report when contacted by MarketWatch.
Kraken is the fourth largest crypto exchange by daily volume, according to CoinGecko, and allows customers to trade cryptocurrencies like bitcoin
BTCUSD,
Ethereum
ETHE,
and Dogecoin.
The SEC has been cracking down on crypto companies lately, with an open investigation into Coinbase Global, a Kraken competitor. In January, it also hit Genesis and Gemini, two popular crypto exchanges, with charges related to unregistered securities.
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