Scaling Kraken’s trading infrastructure for the next decade of growth

Authored by: Shannon Kurtas, Product Director, Pro & Institutional Trading Max Kaplan, Sr. Engineering Director, Core Infrastructure & Data Engineering Suketu Gandhi, Sr. Engineering Director, Trading Technology Steve Hunt, VP Engineering Nearly twelve years ago, Kraken began its pioneering mission to become one of the...

9 min read

How Kraken manages client security

Proof is paramount to cybersecurity. At Kraken, proof of security essentially means “don’t trust but verify.” This mindset guarantees that the work associated with growing and improving on our exchange can continue unhindered while protecting you 24/7. Kraken invests heavily in our cybersecurity program to...

5 min read

Ethereum Shanghai Upgrade: What you need to know

The Shanghai upgrade is a set of changes to the Ethereum protocol that will allow users to unstake, or withdraw, their staked ether (ETH). Before the Shanghai upgrade, any ETH dedicated to staking remained locked within the Ethereum blockchain. The Shanghai upgrade will include a...

3 min read

NFTs 101: Identity expression with PFPs

There was once a time when displaying an image of your real face on social media was standard practice. A holiday photo, a mugshot, a pic of you and your pug; these were all commonplace ways of showcasing yourself to the world. But that time...

5 min read

Ordinals: A common ground for Ethereum and Bitcoin maximalists?

Representing real-world assets on the Bitcoin blockchain is nothing new. Over a decade ago, projects like the Colored Coin protocol and Counterparty exchange proved Bitcoin could track items, not just units of currency, in a decentralized way. However, consensus issues prevented either project from gaining...

8 min read

Blockchain & Crypto Basics

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

Tips & Explainers