“Crypto’s round-the-clock and global nature means Kraken needs a constant supply of energy, particularly as we facilitate a larger proportion of global trading volumes,” Patankar said. Due to the 24/7 demands of running a cryptocurrency business and expected mass adoption of crypto over time, Kraken is looking at how it can scale its business in terms of energy supply and latency.
Bitcoin (BTC) Price Decline Spurs Buying of Spot ETFs
As for price action, bitcoin has seen a very modest of bounce since tumbling from nearly $61,000 Wednesday to under...