Kraken landed in the international scene on 28th of July, 2011, and was founded by Jesse Powell, who holds a bachelor’s degree in philosophy from California State University, Sacramento. Kraken wallet was the first Bitcoin exchange to have trading price and volume displayed in the Bloomberg Terminal.

The exchange serves users from Europe, Japan, and the entire of North America—with the exception of New York because of the BitLicense. Anyone in the world can easily use its entry level services, such as statistics and price charts.

Kraken is a leading digital currency exchange for “serious and professional traders”, and as of January 2017 the platform was the world’s 2nd largest in terms of volume. The site is designed with the sophisticated trader in mind, and provides access to many sought-after features such as deep liquidity, margin trading and fast execution speed.

The platform offers comprehensive services for the crypto investor, such as the ability to trade digital tokens against fiat currency and buy and sell Bitcoin. Kraken wallet is also transparent, offering a high level of security and proof of reserve audits. Kraken has completed five acquisitions, including crypto market visualization platform Cryptowatch, Dutch exchange Clevercoin, and Bitcoin exchange Coinsetter. The company has gone through three funding rounds and raised $6.5 million in capital from 13 investors, including Digital Currency Group, Blockchain Capital, and Money Partners Group.

Kraken’s recognitions also include being the first to pass a cryptographically verifiable proof-of-reserves audit, is Germany’s BaFin regulated Fidor Bank and the Tokyo government’s court-appointed trustee. Following the bankruptcy of Mt. Gox (a huge Bitcoin exchange in Japan, which filed for bankruptcy protection in 2014), the trustees of the receivership picked Kraken as the platform through which claimants could apply to receive lost funds.

Kraken Bitcoin Exchange: Key Information

Site Visit Kraken Company Launch 2011 Company Location San Francisco, CA, USA Site Type Cryptocurrency Exchange Available Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and 40+ More Buy/Deposit Methods Cryptocurrency, Bank Transfer Sell/Withdrawal Methods Bank Transfer, Cryptocurrency Fees Low Security Good Community Trust Good Verification Required Yes Customer Support Good Mobile App No Beginner Friendly No

Here are some of the advantages of using Kraken:

--The platform supports margin trading for those users who are seeking greater exposures with smaller upfront capital.

--Great security initiatives: 2FA is encouraged using Google’s 2FA app.

--Kraken has reasonable and competitive fees: fiat and cryptocurrency trades/withdrawals are much cheaper than on other Bitcoin exchanges.

--Super fast SEPA withdraws: mine normally takes no more than 48 hours. This is so much faster than any other exchange.

--Free deposits for Japanese yen, Canadian dollar, and Euro.

--Pioneering transparency: Kraken was the first exchange in the world to carry out proof-of-reserves audit process.

--Support for an increasingly wide range of fiat currencies and cryptocurrencies.

--Kraken wallet is an extremely popular site for intermediate or professional crypto traders as well as for occasional users.