If you are and active, or prospective crypto investor we have all learnt from SBF saga why it’s important to know how healthy an exchange is. Before putting your hard earned cash in please study the exchange first.
Kraken is a leading cryptocurrency exchange that provides a secure platform for trading a variety of digital assets. Founded in 2011, the exchange has grown to become one of the largest and most trusted cryptocurrency exchanges in the world.
Kraken’s 2023 valuation
Obtaining the true value of most exchanges is a daunting task – crypto isn’t as regulated as other parts of the finance world. The firm has an (approximate) 2023 VALUATION of $17.5 billion USD (according to coin360.com). Therefore, Kraken must be committed to providing customers with a reliable and secure platform for trading digital assets.
According to Coinmarketcap.com has 24hr trading volume on a average day of about $900,000,000 USD – that puts it behind only Binance and Coinbase.
Kraken’s other services
In addition to offering a secure trading platform, Kraken also provides a range of tools and services designed to make crypto trading easier for retail and institutional customers. From advanced charting and analytics to margin trading and over-the-counter (OTC) trading, Kraken offers a comprehensive suite of tools that traders can use to make informed decisions.