Kraken is a cryptocurrency exchange that provides spot and futures trading between Bitcoin, Ethereum and 40+ other digital assets.
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides cryptocurrency-to-fiat-money trading, and provides price information to Bloomberg Terminal. As of 2020, Kraken is available to residents of 48 US states and 176 countries, and lists 40 cryptocurrencies available for trade. The company played a role in attempting to recover funds lost by investors during the 2014-15 Mt. Gox bankruptcy. According to CoinMarketCap, Kraken is the fourth-largest cryptocurrency exchange in the world (as of January 2021). In 2020, Kraken became, along with Avanti Financial Group, one of the first two crypto exchanges to be legally chartered as banks in the United States (both in Wyoming).
Kraken, Backed Finance, and TRON DAO collaborate to bring tokenized stock trading to the TRON network, making it the third blockchain integration for xStocks after Solana and BNB Chain.
Monero (XMR) surged 7% Sunday, rebounding above $260, as miners reversed Qubic’s 51% attack after Kraken imposed deposit restrictions.
Kraken officially moved its headquarters to Wyoming, capitalizing on the state’s comprehensive digital asset regulations and innovative legal infrastructure that supports crypto operations.