What Is Kraken?

Kraken Is A U.S.-based Cryptocurrency Exchange That Allows Users To Buy, Sell, And Trade A Variety Of Assets For Relatively Low Fees. In Addition, The Exchange's Customers Can Pledge Tokens To Earn Rewards. The Exchange's Euro Trading Volume And Liquidity Are Among The Best In The Industry, And Allows Users To Trade More Than 100 Cryptocurrency Assets And Seven Fiat Currencies, Including The U.S. Dollar, Canadian Dollar, Euro, British Pound, Japanese Yen, Swiss Franc, And Australian Dollar, Through A Web Platform And Mobile App.

The Exchange Was Founded In 2011 And Was One Of The First Cryptocurrency Exchanges To Offer Spot Trading, Derivatives, And Index Commodities. Today, The Company Behind The Exchange Offers A Range Of Products And Services, Including Spot Trading, Margin Trading, Futures Trading, Index Trading, Pledge Trading, Over The Counter And The Upcoming Non-fungible Token (NFT) Marketplace. The Exchange Serves More Than 8 Million Traders And Institutional Clients And Is Backed By Digital Currency Group, Blockchain Capital, Tribe Capital, Hummingbird Ventures And Others.

Who Is The Founder Of Kraken?

The Centralized Exchange Is Owned By Payward Inc., Founded By The Company's Current CEO And Cryptocurrency Pioneer Jesse Powell.

Powel Has Been Researching Digital Currencies Since 2001. He Graduated From The Department Of Philosophy At California State University, Majoring In Ethics And Law. He Founded The Verge Gallery And Studio Project, And Founded Internet Ventures & Holdings.

When Did Kraken Launch?

Kraken Was Founded In 2011 And Officially Launched In September 2013. It Initially Offered Bitcoin, Litecoin And Euro-denominated Trading Services.

Where Is Kraken Located?

The Company Is Headquartered In San Francisco, California.

Countries Where Kraken Is Restricted

Kraken Is Available To All U.S. Residents Except Those In New York And Washington. However, Not All U.S. Residents Can Use Kraken Futures. The Platform Currently Has Millions Of Users From More Than 200 Countries Around The World.

The Company Has Several Usage Restrictions For Users In The Following Countries: Afghanistan, Central African Republic, Congo-Brazzaville, Eritrea, Congo-Kinshasa, Guinea-Bissau, Cuba, Lebanon, Iran, Mali, Iraq, Namibia, Libya, Somalia, North Korea, South Sudan, Syria, Sudan, Tajikistan, And Yemen.

Which Currencies Are Supported By Kraken?

The Platform Supports More Than 120 Cryptocurrencies, Including Bitcoin, Ethereum, Litecoin, Ripple, ETC, ZEC, USDT, And More.

What Are The Fees For Kraken?

There Are Different Transaction Fees For Different Products Of The Platform (e.g. Instant Buy, Kraken Pro, Stablecoin, Margin, Futures, NFT, Etc.). Taking The Basic Instant Buy As An Example, The Company Charges A 0.9% Fee For Stablecoins And A 1.5% Fee For Other Cryptoassets; The Fees For Different Payment Methods Also Vary. Kraken Pro Uses A Pending/eating Fee Model. The Pending Fee Ranges From 0.00% To 0.16%, While The Eating Fee Ranges From 0.10% To 0.26% (calculated Based On The User's Trading Frequency Within 30 Days).

Can I Use Leverage Or Margin Trading On Binance?

Senior Users Can Use The Margin Trading And Futures Functions Provided By Kraken Pro. The Platform Can Provide Up To 5x Leverage. The Upper Limit Of Leverage Usage Depends On The Trading Pair.