Kraken: The total exposure to other crypto businesses is approximately $1 million

ChainCatcher news, Kraken tweeted that its total exposure to other crypto businesses is about $1 million, which is just the sum of the OTC desk balances from other venues. Kraken stated that both custody and staking services are operated by itself, and it has been communicating with traditional banking partners this week, expressing "confidence" in their solvency.

ChainCatcher previously reported that Kraken stated it has no exposure to Alameda Research, but it holds nearly 9,000 FTT. (source link)