“Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians.” – Jesse Powell, Kraken Co-founder and CEO On March 9, 2022, we announced an ambitious aid package as Kraken distributed $1,000...
Kraken is proud to announce that it has become a Diamond Sponsor of the Anti-Human Trafficking Intelligence Initiative (ATII), a U.S.-based nonprofit that harnesses intelligence to help financial institutions, technology firms and cryptocurrency exchanges combat human trafficking and child exploitation. “Kraken’s partnership with ATII will...
After a rigorous internal and external search over the past year, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will become chairman of the board of directors. Dave has been building the future of...
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...
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...
After July’s green candles, August 2022 resumed a downward trend for cryptoassets across the board. Bitcoin, Ethereum and the rest of the crypto market saw negative returns for the month. Prices of BTC (-14%) and ETH (-8%) decreased after July’s gains. Metaverse (-23%) and DeFi...
Over seven years ago, on August 8, 2015, Kraken was the first exchange to make Ethereum (ETH) available to millions of clients. Today, we’re thrilled to announce that Kraken will support the Ethereum Merge that is estimated to take place between September 10-20, 2022. The...
Kraken is thrilled to share the results of our second 2022 Proof of Reserves audit, which has been expanded to include: BTC* ETH* USDT USDC XRP ADA* DOT* Note: * Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and staking...
At the heart of every blockchain is a set of programmatic rules which define how a global network of participants validate transactions and maintain consensus regarding the state of the network. One of the most crucial components of these rules is the blockchain’s Sybil resistance...
The crypto industry faced headwinds in recent months as May’s collapse of the Terra ecosystem took its toll. In June and July, major crypto lending platforms (including Celsius, BlockFi, Voyager and Vauld) took drastic measures in the wake of “extreme market conditions.” June’s leverage-related fallout...
After months of price declines across cryptoassets, July 2022 brought signs of recovery. All sectors saw positive monthly returns — gaining a minimum of 8% — led by DeFi (52%) and metaverse (35%). Prices of BTC (19%) and ETH (59%) increased after three months of...
“You’d think after 11 years, you could start feeling comfortable with your business, but it has basically been wartime in crypto since day one.” In 2011, Kraken CEO Jesse Powell set out to build a crypto exchange that clients and regulators could trust. Despite headwinds...
We’re thrilled to announce that Kraken now supports new margin pairs for Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Polygon (MATIC), Chainlink (LINK), Dogecoin (DOGE), Solana (SOL) and Decentraland (MANA)! Trading Margin trading is now available for the below pairs: Pair base Pair name Available leverage...
We’re thrilled to reveal 70 of the leading NFT collections that will soon be available to Kraken NFT beta testers. We carefully selected these collections so you can explore, curate and secure the NFT collection of your dreams with zero gas fees.* The beta will...
We’re thrilled to announce that Kraken now supports staking for Polygon (MATIC) holders! From the Earn section of your Kraken account or from your Pro mobile app, you’ll be able to stake your MATIC holdings and earn up to 14% in yearly rewards.* MATIC staking...
We’re thrilled to announce that Kraken now supports new margin pairs for Axie Infinity (AXS), Curve DAO (CRV), The Graph (GRT) and Nano (NANO)! Trading Margin trading is now available for the below pairs: Pair base Pair name Available leverage Long Position Limit Short Position...
Any sound money satisfies three important conditions: Preserves and stores value over time Serves as a widely accepted unit of account in a given market Functions as a practical medium of exchange for transfers of any size Bitcoin’s predictable, disinflationary supply growth rate continues to...
With the recent market downturn, a lot of candidates and Krakenites have been asking, “What does this mean!?” Our response: “First time?” What it means is it’s once again time to build. It’s time to remember why we’re doing this: The Mission of bringing financial...