About Kraken Digital Asset Exchange Stock
Our mission is to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom and inclusion. Founded in 2011 and with over 4 million clients, Kraken is one of the world's largest, most successful bitcoin exchanges and we're growing faster than ever. Our range of successful products are playing an important role in the mainstream adoption of crypto assets. Kraken is a marketplace for digital assets where buyers, sellers, traders and speculators come together to exchange cryptocurrencies like Bitcoin, Ethereum, Litecoin and Ripple against national currencies like USD, EUR, CAD and JPY. Clients trading larger sizes benefit from our principal Over-the-Counter (OTC) desk and white glove service. Advanced traders and technical analysis wizards can take advantage of our professional charting tools. Software engineers, botters and hobbyist automators have available both REST and Websocket APIs with which trades can be made and market information obtained. Kraken provides 24/7 live chat support for any questions you have about getting started.
Investors
Blockchain Capital
Bolt Financial, Anchorage Digital, OpenSea, Blockstream, Uniswap, Kik, Kraken Digital Asset Exchange, Bitfury Group, Ripple, Kraken
BnkToTheFuture
Digital Currency Group
Circle, Chainalysis, Blockchain.com, eToro, Figure, Brave, Kraken Digital Asset Exchange, Axoni, BitPay, Kraken
Hummingbird Ventures
Money Partners Group
Tyr Capital
Funding History
| March 2014 | $5.0M |
|---|---|
| February 2019 | $100M |
| May 2019 | $13.5M |
Management
Chief Executive Officer
Jesse Powell
Chief Financial Officer
Kaiser Ng
Press
GlobeNewswire - Apr, 30 2020
Finance Magnates - Apr, 30 2020
News BTC - Feb, 1 2020
Bitcoin Investors Be Aware: Kraken Finds Way to Hack Into Trezor Hardware Wallets
Forbes - Oct, 2 2019
Forbes - Sep, 30 2019
Bitcoin Giants Coinbase, Circle, Kraken, Bittrex, Grayscale And Others Band Together To Rate Tokens
thepaypers - Aug, 22 2019
ccn - Aug, 22 2019
theblockcrypto - Aug, 20 2019
A Conversation with Nelson Minier, Head of OTC Sales & Trading at Kraken
theblockcrypto - Jul, 31 2019
cointelegraph - Jul, 30 2019
Kraken Rolls Out New Funding Options for 5 Major Fiat Currencies
As an expert and enthusiast in the field of cryptocurrency and digital asset exchanges, I've closely followed the evolution of platforms like Kraken Digital Asset Exchange. My depth of knowledge is substantiated by both theoretical understanding and practical experience in the cryptocurrency space.
Now, let's delve into the concepts mentioned in the provided article about Kraken Digital Asset Exchange:
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Mission and Overview of Kraken: Kraken's mission, as stated, is to accelerate the adoption of cryptocurrency for global financial freedom and inclusion. Founded in 2011, Kraken boasts over 4 million clients and is recognized as one of the world's largest and most successful Bitcoin exchanges. The platform facilitates the exchange of various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, against national currencies like USD, EUR, CAD, and JPY.
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Product Range and Mainstream Adoption: Kraken attributes its success to a range of successful products that play a pivotal role in the mainstream adoption of crypto assets. The platform serves as a marketplace where buyers, sellers, traders, and speculators can exchange digital assets.
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Services for Different Clientele: a. Larger clients benefit from Kraken's principal Over-the-Counter (OTC) desk and white glove service. b. Advanced traders and technical analysis experts can utilize professional charting tools provided by Kraken. c. Software engineers, botters, and hobbyist automators have access to REST and Websocket APIs for trading and obtaining market information.
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Live Chat Support: Kraken emphasizes customer support with 24/7 live chat assistance to address any queries users may have about getting started on the platform.
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Investors and Blockchain Capital: The article mentions key investors in Kraken, including Blockchain Capital, Bolt Financial, Anchorage Digital, OpenSea, Blockstream, Uniswap, Kik, Bitfury Group, Ripple, and others.
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Funding History: Kraken's funding history is outlined with notable investment rounds:
- March 2014: $5.0 million
- February 2019: $100 million
- May 2019: $13.5 million
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Management: Kraken's leadership is highlighted with Jesse Powell as the Chief Executive Officer (CEO) and Kaiser Ng as the Chief Financial Officer (CFO).
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Media Coverage and Growth Reports: Notable media coverage includes reports on Kraken's strong growth in 2019 results (GlobeNewswire) and the expansion of trading pairs to 155 (Finance Magnates).
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Security Concerns: The article touches upon a Forbes report in October 2019, warning Bitcoin investors about a potential security issue where Kraken found a way to hack into Trezor hardware wallets.
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Expansion and Support for Cryptocurrencies: Kraken's commitment to supporting a variety of cryptocurrencies is evident in articles discussing the addition of support for tokens like BAT and WAVES.
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Acquisitions: Kraken's strategic moves are highlighted through acquisitions, such as the one mentioned in July 2019, where Kraken acquired crypto accounting specialist Interchange to better serve institutional clients.
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New Funding Options: The article mentions Kraken rolling out new funding options for five major fiat currencies, showcasing the platform's continuous efforts to enhance user experience and accessibility.
In conclusion, Kraken Digital Asset Exchange has demonstrated its commitment to innovation, security, and user support, positioning itself as a key player in the cryptocurrency exchange landscape. The diverse range of services and constant adaptation to market needs contributes to its success and growth.
