Kraken
A Brief Overview
Released in 2011, the Kraken platform has grown into one of the most prominent and trusted exchanges globally. As of January 2024, its daily trading volume is about $1.5 billion, making it the third-biggest crypto platform by trading volume. Kraken closely cooperates with regulation authorities and is committed to maintaining transparency, making it an appealing choice for both experienced traders and beginners in the digital asset sector.
Brief history
The exchange’s release took place in July 2011, with Jesse Powell as a co-founder and CEO. The platform has quickly grown into one of the largest and most trusted services. As time passed, Kraken has become a reliable service for many traders due to its high level of security, stringent compliance with regulations, and wide range of tradeable digital assets. The platform’s developers have been actively expanding its services, offering futures trading options, margin, and staking. Kraken also stands out for its commitment to regulation and contribution to the crypto market's development and was recognized as its key player.
Features
Specific characteristics have made this platform extremely popular among traders. First and foremost, Kraken provides a high level of security, including 2FA and cold storage of client assets. Next, the platform offers a variety of cryptocurrencies for trading, including top-tier and less popular tokens. Furthermore, the exchange provides margin trading and futures options, drawing experienced traders. Kraken also supports staking and allows for participation in different digital asset ecosystems. The platform actively complies with regulatory requirements and strives for transparency, maintaining the reputation of a reliable and innovative service.
Supported Assets
A wide range of crypto coins and tokens is available on Kraken. That includes over 120 assets, such as BTC, ETH, LTC, XRP, ETC, ZEC, USDT, and many others.
Fees
The platform’s fees vary depending on the type of transaction and volume. Standard commissions for makers (those who place limit orders) and takers (those who fulfill orders) can vary depending on the volume traded over the past month.
Kraken offers paid services such as margin and futures trading options with varying commission structures. Using the Instant Buy service implies a 0.9% fee for stablecoins and 1.5% for other digital assets. The fee also varies on different payment methods. Kraken Pro is based on a maker-taker fee structure, with maker commissions ranging from 0.00% to 0.16% and taker’s - from 0.10% to 0.26%.
Co-Founder, CEO