Founded in 2011, San Francisco-based Kraken is one of the oldest Bitcoin & Cryptocurrency exchanges still around today. They are one of the largest Bitcoin exchanges in the world in euro volume and liquidity. The U.S exchange was one of the world’s first to have their trading volumes displayed on Bloomberg terminals, and passing a cryptographically verifiable proof-of-reserves audit. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment. For more information.
Kraken CEO Jesse Powell have often been speaking to the public, and the crypto community about the risks of keeping their funds on exchanges. This including Kraken themselves. And it’s great to see honesty and transparency coming out from the CEO of such a large exchange. Witnessing about the unfortunate but common problem that is around in the still unregulated crypto world.
Kraken also very interestingly offered a $100k reward to anyone helping out to locate the missing QuadrigaCX funds (Coindesk). Helping out to solve on of 2019’s biggest crypto mysteries. Find out more about QuadrigaCX scandal here.
Kraken for us is definitely one of the more trustworthy exchanges around in the crypto world. They might have seen themselves falling behind the huge rise of exchanges like Binance and OKEx. But we believe that their transparency and work to create a more open and regulated crypto world is the right choice. And one that will make sure they’re around for years to come.