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).
Click to see more
Kraken Details
Operating Status:Active
Business TypePrivate
HeadquartersSan Francisco, California, United States
Privacy coins like Monero (XMR) and ZCash (ZEC) have faced widespread delistings in 2024, with 60 removals from exchanges, the highest since 2021, due to increasing regulatory pressure.
The mainstream adoption of web3 protocols and digital assets, which has been facilitated by increased regulations, has significantly impacted privacy tokens led by Monero (XMR).
Kraken and RB Leipzig will leverage each other’s expertise in their respective fields to inspire the next generation of football enthusiasts to explore the benefits of digital finance.
