Kraken, headquartered in San Francisco, California, claims to be the largest Bitcoin exchange in terms of euro volume and liquidity. It is a crypto-to-crypto and fiat-to-crypto exchange developing a safer, fairer trading system with digital ledger technology. Kraken’s impressive security record is an advantage as it seeks to attract banks, hedge funds, pension funds and other traders with deep pockets to its institutional business.
Kraken is a veteran US-based cryptocurrency exchange that supplies an advanced trading platform complete with margin trading and OTC options. Previously scorned for the platform’s instability, the site has since revamped its service with a focus on security and customer support. Kraken also offers one of the lowest trading fees around.
Kraken is a centralized cryptocurrency exchange (CEX) seeking to provide the security standards of a decentralized exchange (DEX). Since a DEX does not hold user funds, data or personal information it is less susceptible to hacking. Large traders can now trade directly with each other on Kracken’s over-the-counter service.