Kraken

Thing ∙ ID: 10903

Kraken is a US-based cryptocurrency exchange founded in 2011 by Jesse Powell. It offers trading for over 120 crypto assets and 7 fiat currencies, with low commissions and features like spot trading, margin trading, futures, and staking. Serving over 8 million users in about 200 countries, Kraken is known for its high euro volume and liquidity. The platform uses a maker-taker fee model, with fees varying across different products. Margin trading is available with up to 5X leverage. While accessible to most US residents, Kraken has restrictions in some countries and states. The company is headquartered in San Francisco and is backed by notable investors in the crypto space.