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 files for IPO with the SEC and raises $800M in funding at a $20 billion valuation.
BitMEX and Kraken experienced front-end outages for three hours on Nov. 18 due to a global Cloudflare service degradation. Cloudflare resolved the issue at 14:42 UTC after implementing fixes.
Kraken has announced Auto Earn, a new feature that automatically earns weekly rewards on users’ crypto, stablecoin, and fiat balances – all while keeping funds fully accessible and liquid.