Overview
- Co-CEO Arjun Sethi says British customers cannot access roughly three quarters of products offered to U.S. users, including higher-yield and DeFi services.
- He likened the FCA’s required risk notices to cigarette-box warnings and said appropriateness questionnaires slow trades in fast-moving markets.
- The FCA defended the regime, saying it helps customers understand risks and that some choosing not to invest shows the rules are working as intended.
- Kraken remains operational in the UK with an FCA Electronic Money Institution licence, and Sethi later stressed the company’s commitment to expanding its British footprint.
- Sethi ruled out offering tokenized shares of private companies, citing liquidity and resale constraints, as the FCA intensifies enforcement that has included legal action against HTX.