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 and Deutsche Börse are in collaboration to bridge traditional and digital markets.
Kraken has acquired Backed Finance, absorbing its xStocks tokenization platform that enables trading of Wall Street equities as digital tokens.
Kraken has introduced Krak: a new all-in-one crypto account combining card spending, instant global transfers, and crypto Vaults offering up to 10% APY. Available to users in the UK and the EU.