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 introduced DeFi Earn on January 26, enabling users to access decentralized finance yields of up to 8% APY through three automated vault strategies without seed phrases or manual transactions.
Kraken-backed SPAC KRAKacquisition aims to raise $250M on Nasdaq. The move supports Kraken’s push into public markets
xStocks recently went my Iive on the TON blockchain, providing users with more network options to choose from.