Everyone thinks Kraken and Coinbase are the same, both compliant goody-two-shoes. But the differences are actually pretty big Kraken's issues are more about 'actively crossing the line': opening accounts in sanctioned countries, unlicensed margin trading, staking products. Coinbase's issues are more about 'passive lapses due to scale': AML not keeping up with user growth, insider threats, data breaches. I believe Kraken knew early on that their limits were small, but they still chose to ride this wave of hype