Kraken donates $1M to cryptocurrency advocacy group Coin Center

Leading cryptocurrency exchange Kraken last week announced a donation of $1 million to cryptocurrency and blockchain advocacy group Coin Center.

In addition, Kraken has also pledged to match any donations made to Coin Center in the rest of May up to an additional $1 million.

“The great work that Coin Center does is extremely important and referenced by governments around the world. They’ve been ardent defenders of blockchain technology, cryptocurrency and innovation. Their work benefits the community, the industry and people who have yet to hear about Bitcoin. We are very proud to be able to support their continued effort,” Kraken wrote in a blog post.

Since its inception in 2014, Coin Center has been actively engaging with regulatory bodies on cryptocurrency related issues. It said that Kraken’s donation is the largest single contribution it has received to date. It added:

“These contributions will go a long way to helping us gear up for the increased attention to cryptocurrencies here in DC.”