Corporate Overview
Kraken Is A Leading Global Cryptocurrency Trading Platform, Founded In 2011 And Headquartered In San Francisco, USA. Since Its Establishment, Kraken Has Been Committed To Providing Secure, Reliable And Compliance Crypto Asset Trading Services To Users Around The World. As Of 2023Q3, Kraken Has Surpassed 8 Million In The Number Of Users, And Supports More Than 100 Cryptocurrencies And 7 Fiat Currencies Trading.
Kraken's Core Team Consists Of Experienced Industry Experts, Including Founder Jesse Powell And Others. The Company Has Received Several Industry Certifications And Awards, And Has Established Strategic Partnerships With Several Well-known Institutions.
Regulatory Information
Kraken Is A Highly Compliant Cryptocurrency Trading Platform With The Following Regulatory Licenses:
- U.S. Commodity Futures Trading Commission (CFTC) : Kraken Is The World's First CFTC-licensed Cryptocurrency Exchange To Offer Futures Trading Services For Bitcoin And Ethereum.
- New York State Department Of Financial Services (NYSDFS) : Kraken Holds A Virtual Currency License (BitLicense) Issued By NYSDFS To Legally Conduct Cryptocurrency Business In New York State.
- UK Financial Conduct Authority (FCA) : Kraken Is Licensed By The FCA To Legally Provide Cryptoasset Trading Services In The UK.
In Addition, Kraken Has Passed The PCI DSS Certification To Ensure The Security Of User Payment Information.
Compliance Statement : Kraken Strictly Adheres To Anti-Money Laundering (AML) And Counter-Terrorism Financing (CFT) Regulations And Implements Strict KYC (Know Your Customer) Processes.
Trading Products
Kraken Offers The Following Trading Products:
Cryptocurrency Trading
- Supported Cryptocurrencies : As Of Now, Kraken Supports Over 50 Cryptocurrencies Including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR), And More.
- Trading Pairs : Kraken Offers More Than 100 Trading Pairs , Including BTC/USD, ETH/EUR, XRP/USD, Etc.
Fiat Currency Trading - Fiat Currency Supported : Kraken Supports Transactions In 7 Fiat Currencies Such As USD (USD), EUR (EUR), Canadian Dollar (CAD), British Pound (GBP), Japanese Yen (JPY), Etc.
Derivatives Trading
- Futures Trading : Kraken Offers Futures Trading For Bitcoin And Ethereum, With Support For Up To 5x Leverage .
- Index Trading : Kraken Launches Digital Currency Indices (Kraken Indexes), Allowing Users To Track The Fluctuations Of The Entire Cryptocurrency Market.
Staking Service
Kraken Offers Cryptocurrency Staking Service, And Users Can Earn Profits By Staking Tokens. Some Cryptocurrencies Have Annualized Returns As High As 12% .
Trading Software
Kraken Pro
Kraken Pro Is An Advanced Trading Platform For Professional Traders, Providing The Following Features:
- Order Book Trading : Support Limit Orders, Market Orders And Stop Loss Orders.
- Leverage Trading : Support Up To 5x Leverage , Suitable For Mainstream Cryptocurrencies Such As BTC And ETH.
- Fee Structure : Fees Range From 0% To 0.26% Based On The User's Trading Volume In The Past 30 Days. Lower Rates Are Available For Users With High Trading Volume.
Instant Buy
Instant Buy Is A Convenient Transaction Tool For Novice Users, Allowing Users To Buy Cryptocurrencies Directly Via Credit Or Debit Card. Fees Range From 0.9% To 1.5% .
Mobile Apps
Kraken Offers IOS And Android Versions Of Mobile Apps That Allow Users To Trade And Manage Assets Anytime, Anywhere.
Deposit And Withdrawal Methods
Cryptocurrency Access - Supported Cryptocurrencies : Kraken Supports Access To 280 + Cryptocurrencies , Including BTC, ETH, LTC, And More.
- Fees : Cryptocurrency Deposits And Withdrawals Are Usually Free, But Network Fees May Apply For Some Transactions.
Fiat Withdrawal
- Supported Payment Methods : Kraken Supports Credit Cards, Debit Cards, Bank Transfers And Other Fiat Withdrawal Methods.
- Fees : Credit Card Transaction Fees Are 3.75% + EUR 0.25 , Debit Card Transaction Fees Are 1.7% + USD 0.10 .
Customer Support
Kraken Provides Users With 24/7 Customer Support Services, Including:
- Live Chat : 24/7 Live Chat Support, Users Can Contact Customer Service At Any Time To Solve The Problem.
- Email Support : Users Can Submit Questions Via Email, And The Customer Service Team Will Reply Within 24 Hours.
- Educational Resources : Kraken Provides A Wealth Of Educational Resources, Including Trading Guides, Market Analysis, And Security Knowledge, To Help Users Improve Their Trading Skills.
Core Business And Services
Spot TradingKraken Provides 24/7 Spot Trading Services , Allowing Users To Trade Cryptocurrencies And Fiat Currencies In Real Time Through A Variety Of Trading Pairs.
Derivatives Trading
Kraken Is The World's First CFTC-licensed Cryptocurrency Exchange, Allowing Users To Trade Bitcoin And Ethereum Futures Contracts On Kraken.
Over The Counter
Kraken Offers A Large Over The Counter (OTC) Service To Meet The High Liquidity Needs Of Institutional Users.
NFT Marketplace
Kraken Is About To Launch The NFT Marketplace, Where Users Will Be Able To Buy, Sell, And Display NFT Assets On The Platform.
Technical Infrastructure
Security Measures- Cold Storage : Kraken Stores More Than 98% Of Its Cryptocurrency Assets
Hardware Wallet Support
Kraken Supports Hardware Wallets Such As Ledger And Trezor, And Users Can Store Cryptocurrencies In Hardware Wallets.
Compliance And Risk Control System
Compliance Statement
Kraken Strictly Complies With The Regulations Of National Regulators To Ensure That All Transactions Are In Legal Compliance.
Risk Management
Kraken Uses The AIoT Risk Control System To Monitor Market Risks In Real Time Through Artificial Intelligence And IoT Technology To Prevent Market Manipulation And Abnormal Volatility.
Market Positioning And Competitive Advantage
Market Positioning
Kraken Is One Of The World's Leading Cryptocurrency Exchanges, Especially In Terms Of EUR Trading Volume.
Competitive Advantage
- High Security : Kraken Has Never Had A Major Security Bugs.
- Low Fees : Kraken's Transaction Fees Are Competitive Worldwide.
- Rich Trading Products : Kraken Offers A Variety Of Trading Services Such As Spot, Futures, And Pledges.
Customer Support And Empowerment
Kraken Offers The Following Customer Support Services:
- Live Chat : 24/7 Online Support.
- Email Support : Quick Response To User Questions.
- Educational Resources : Provides Trading Guides And Market Analysis To Help Users Improve Their Trading Skills.
Social Responsibility And ESG
Social ResponsibilityKraken Is Actively Involved In Social Responsibility Projects In The Cryptocurrency Industry, Promoting Technology Popularization And Education.
ESG
Kraken Is Committed To Achieving Carbon Neutrality Goals And Has Launched Several Environmental Protection Programs To Reduce Carbon Emissions.
Strategic Cooperation Ecology
Kraken Has Established Strategic Partnerships With Several Well-known Institutions, Including:
- Digital Currency Group (DCG) : One Of The Anchors Of Kraken.
- Blockchain Capital : One Of The Early Investors In Kraken.
Financial Health
User Size
As Of 2023Q3, Kraken Has More Users Than 8 Million And Has More Than 4 Million Monthly Active Users.
Market Share
Kraken's Cryptocurrency Trading Volume Accounts For More Than 5% Of The Global Market Share And Is One Of The Largest Cryptocurrency Exchanges In The World.
Future Roadmap
Kraken Plans To Expand The Following Businesses In The Future:
- NFT Market : Launching NFT Trading Capabilities.
- Decentralized Exchange (DEX) : Exploring Decentralized Trading Technologies.
- More Fiat Trading Pairs : Expanding The Types Of Fiat Currencies Supported.
Kraken Will Continue To Work To Provide Safe, Efficient And Compliant Cryptoasset Trading Services To Users Around The World.
