Kraken
Overview
“To provide a secure, reliable, and user-friendly platform for cryptocurrency trading and investment. The company aims to accelerate the global adoption of cryptocurrency, enabling financial freedom and inclusion for individuals and organizations worldwide.”
Founded in 2011 by Jesse Powell, Kraken is a cryptocurrency exchange that offers spot and futures trading for Bitcoin, Ethereum, and over 40 other digital assets. Headquartered in San Francisco, Kraken is one of the world's largest and most successful bitcoin exchanges, serving over 7 million clients globally. The platform facilitates the exchange of cryptocurrencies with national currencies like USD, EUR, CAD, and JPY, and offers advanced trading tools and APIs for professional traders and developers.
Business Model
Kraken operates as a cryptocurrency exchange platform, generating revenue through trading fees on transactions made by its users. The platform caters to both individual and institutional clients, offering services such as over-the-counter (OTC) trading, futures trading, and margin trading. Kraken prioritizes security, transparency, and customer support, providing 24/7 live chat support and a range of tools to enhance the trading experience.
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Targeted Impact
Kraken aims to foster trust and confidence in the cryptocurrency market, driving mainstream adoption and financial freedom for users worldwide.
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Who Will benefit?
Individuals and organizations looking to trade and invest in cryptocurrencies will benefit from Kraken's secure and user-friendly platform.
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What Comes Next?
Kraken plans to continue expanding its product offerings and enhancing its platform to support the evolving needs of the cryptocurrency market.
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Kraken Growth Timeline
Kraken and Competition
Kraken competes with other major cryptocurrency exchanges such as Coinbase, Binance, and Bitfinex. Its emphasis on security, transparency, and customer support differentiates it from competitors.
Key Partners
Kraken is a leading cryptocurrency exchange and financial services platform whose mission is to help individuals invest in their future. The goal of Kraken is to support people in building and growing their portfolios within a transparent and fair setting.
Kraken's slogan, "You just need $10 to get started," highlights the accessibility and ease of entry that the platform offers to its users. This phrase conveys the message that engaging with cryptocurrency is both affordable and straightforward, even for those who are new to the digital currency space when you are using Kraken.
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Research
News
Financial Data
Annual Revenue and Revenue Growth
Funding Round
Return on Investment (ROI)
Bid:Ask Volume Ratio
ApeVue highlights the quarterly bid:ask volume ratio where there were at least three broker contributions within that period.
Activity
Activity refers to broker contributions within the last 90 days.
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