Kraken is an exchange that provides trading between cryptocurrency and fiat currencies with price information to the Bloomberg terminal. Initially, Kraken was nicknamed "the bitcoin exchange," as this was the only cryptocurrency that was traded. Being one of the first in the crypto trading business, Kraken provides many services to its clients, ranging from over-the-counter trading to personalized management. The company is a cryptocurrency exchange as well as a bank and is a trusted and secure platform.
Kraken was the first bitcoin exchange to have its market information shown on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit, and one of the first exchanges to offer leveraged bitcoin margin trading. The platform is used by millions of traders, institutions, and authorities across the world, from Tokyo's court-appointed trustee to Germany’s BaFin-regulated Fidor Bank. It has acquired prominent bitcoin exchanges, Coinsetter and Cavirtex, Crypto facilities, and a registered futures platform. The company's mission is to accelerate the adoption of cryptocurrency so that the rest of the world can achieve financial freedom and inclusion. The platform presently offers 12+ assets for staking, up to 23% in annual rewards, and more than $100 million in client benefits. The platform has capabilities for cryptocurrency prices and watches, which include all price information and forecasts, recently announced the launch of Kraken's new NFT marketplace where users can arrange loans using the tokens as collateral.
Their specialties include Bitcoin, Litecoin, ZCash, Dogecoin, Ripple, Ethereum, Cryptocurrency, Exchange, Digital Assets, Virtual Currency, Forex, Markets, Commodities, Security, Financial Services, Broker-Dealer, Wallet, Compliance, Blockchain, Monero, Futures, and Index. The firm is located in San Francisco, California, the United States. The company is operating in the financial services industry, and banking services are available to citizens of 48 US states and 176 countries, and it lists 95 cryptocurrencies for trade.