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Kraken

San Francisco, USA · Regulated

☆ 0.0 · 0 reviews

About Kraken

Kraken is one of the oldest cryptocurrency exchanges, founded in 2011 by Jesse Powell. It's known for robust security — never hacked in 14+ years, with 95% of assets in cold storage. Kraken offers 250+ coins with competitive fees (0.16%/0.26% maker/taker), futures with 50x leverage, margin, staking, and OTC desk. The exchange has a banking charter in Wyoming (Kraken Bank) and is regulated by FinCEN, FCA, and FINTRAC. Kraken Pro provides advanced charting and order types for professional traders.

Pros

+14+ years without a security breach — industry benchmark
+Proof-of-Reserves audits: verifiable on-chain
+95% cold storage with geographic distribution
+US banking charter (Kraken Bank) — unique in crypto
+Competitive fees: 0.16%/0.26% maker/taker
+24/7 live chat and phone support

Cons

-Limited altcoin selection (250+) vs Binance (400+)
-Futures and margin not available in all US states
-Staking paused for US clients (SEC pressure)
-Account verification can take 1-2 weeks

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