Why buy an NFT? Collectibility

For centuries, people have collected things. Some of these things may be nostalgic items like ticket stubs or lucky coins. Others might be especially rare items, like classic cars or limited-edition vintage watches. In many ways, the things we collect become a reflection of who...

5 min read

Bitcoin Pizza Day — A celebration of decentralization

Pizza parties rarely need an explanation. But pizza parties on Bitcoin Pizza Day deserve one.  Thirteen years ago today, Laszlo Hanyecz created a thread in the bitcointalk.org forum titled Pizza for bitcoins? After some explanation and much discussion, Hanyecz found someone willing to buy him...

3 min read

Busting crypto myths: NFTs are only for the wealthy

Since the crypto market took off in 2021, many non-fungible tokens (NFTs) are now changing hands for dizzying sums of money. To date, the ten most expensive NFTs sold at auction have fetched between $7 million and $91.8 million. That’s higher than the average price...

6 min read

Why buy an NFT: Community membership

One of the most misunderstood aspects of non-fungible token (NFT) ownership has steadily turned into one of its biggest draws. While some are solely focused on the media the NFTs represent, others are exploring what it means to be the rightful owner of that piece...

7 min read

How Kraken supports our clients

Terms like “client obsessed” and “client-centric” get thrown around a lot these days. At Kraken, these are more than just buzzwords. Since launching over 11 years ago, the support experience of our clients has been a fundamental differentiator at Kraken. Client support led by crypto-passionate...

5 min read

Kraken Intelligence

Bleeding out: October and November 2022 on-chain report

After several months of headwinds for the crypto space, the historical collapse of Sam Bankman-Fried’s FTX crypto exchange in early November added fuel to the bear market’s fire. While FTX’s collapse has negatively impacted many actors in the industry, the true extent of the collateral...

3 min read

October 2022 Market Recap & Outlook

Bouncing back from September’s performance, October 2022 trended positively for cryptoassets overall. All sectors saw positive returns ranging between +1% to +69% as BTC and ETH gained +6% and +20% respectively over the course of the month. While the green candles piled up across all...

3 min read

Honeymoon Phase Is Over

Following several months of headwinds for the crypto space, the crypto market trended lower in September. ETH fell significantly more than BTC as Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. ETH sold off sharply post-Merge in classic “buy the rumor, sell...

3 min read

Silver Lining

Hot on the heels of August, September 2022 also trended negatively for cryptoassets overall. Based on market capitalization, all sectors saw negative returns for the month, ranging from -14% to -1%. Following the overall crypto market trend, NFT market activity also slowed in August. Average...

3 min read

Ethereum 2.0: Does ETH become deflationary post-Merge?

We’re quickly approaching The Merge, the most notable upgrade in Ethereum’s history and a crucial turning point for the wider crypto industry. As the Ethereum blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS), The Merge is expected to be the bedrock upon which Ethereum’s scalability...

3 min read

Mixed Signals

Over the last few months, the crypto industry faced numerous headwinds. These included the death spiral of the Terra ecosystem, the insolvency of over-leveraged hedge fund Three Arrows Capital, and major crypto lending platforms – like Celsius, BlockFi, Voyager and Vauld – taking drastic measures...

3 min read

Market Reports

Kraken Daily Market Report for November 29 2022

Overview Daily spot trading volume: $1.04 billion, 30 day average spot: $798.8 million. Total futures notional: $70.4 million. The top five traded coins were, respectively, Tether (↑0.02%), USD Coin (↓0.01%), Bitcoin (↑1.0%), Ethereum (↑4.2%), and Dogecoin (↑6.9%). Strong returns from SuperFarm (↑21%), Harvest Finance (↑16%),...

4 min read

Kraken Daily Market Report for November 28 2022

Overview Daily spot trading volume: $1.14 billion, 30 day average spot: $774.3 million. Total futures notional: $71.4 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↑0.01%), Bitcoin (↓1.3%), Ethereum (↓2.1%), and Dai (↓0.01%). Strong returns from Oxygen (↑25%), pSTAKE (↑18%), and...

4 min read

Kraken Daily Market Report for November 27 2022

Overview Daily spot trading volume: $437.6 million, 30 day average spot: $752.3 million. Total futures notional: $34.5 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↑0.0%), Bitcoin (↓0.19%), Ethereum (↓1.0%), and Dogecoin (↑11%). Strong returns from pSTAKE (↑33%), Step Finance (↑26%),...

4 min read

Kraken Daily Market Report for November 26 2022

Overview Daily spot trading volume: $492.8 million, 30 day average spot: $758.5 million. Total futures notional: $52.6 million. The top five traded coins were, respectively, Tether (↑0.0%), USD Coin (↓0.01%), Ethereum (↑0.6%), Bitcoin (↓0.4%), and Solana (↑0.9%). Strong returns from Oxygen (↑83%), Secret (↑18%), and...

4 min read

Kraken Daily Market Report for November 25 2022

Overview Daily spot trading volume: $723.9 million, 30 day average spot: $762.3 million. Total futures notional: $49.9 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↑0.01%), Bitcoin (↓0.5%), Ethereum (↓0.5%), and Dai (↓0.0%). Strong returns from REN Protocol (↑33%), Nodle (↑29%),...

4 min read

Kraken Daily Market Report for November 24 2022

Overview Daily spot trading volume: $914.9 million, 30 day average spot: $762.3 million. Total futures notional: $55.9 million. The top five traded coins were, respectively, Tether (↑0.03%), USD Coin (↑0.0%), Ethereum (↑1.7%), Bitcoin (↑0.02%), and Dai (↑0.01%). Strong returns from Oxygen (↑60%), Saber (↑26%), and...

4 min read