Kraken is a United States-based cryptocurrency exchange that was founded in 2011). It is one of the first bitcoin exchanges to be listed on Bloomberg Terminal and was valued at US$10.8 billion in mid-2022). Kraken allows trades in over 200 cryptocurrencies, and over 600 cryptocurrency pairs. Virtual currencies available on the Kraken exchange include popular ones like Ethereum (ETH) and Bitcoin (BTC), and others that have gained traction in recent times, like EOS (EOS), Monero (XMR), and non-fungible tokens (NFTs). The platform also allows trades in cryptocurrency futures and derivatives.

Kraken is not a wallet, but it provides clients the ability to deposit funds to its corporate hot and cold wallets for safekeeping while the funds are being exchanged or used for trading. Kraken is not a bank, but it had its application for a bank charter approved by the state of Wyoming. Kraken is not an investment fund or advisor, but it does extensive research in its evaluation of an asset before listing, focusing on aspects of the project’s legitimacy and on the security and reliability of the settlement layer.

Kraken offers Cryptowatch, a trading terminal that analyzes and generates data on over 2,000 cryptocurrency markets. The free service allows traders to monitor market trends, create alerts, and analyze charts.

In summary, Kraken is a cryptocurrency exchange that allows trades in over 200 cryptocurrencies and over 600 cryptocurrency pairs, including cryptocurrency futures and derivatives. It is not a wallet, bank, or investment fund or advisor. Kraken offers Cryptowatch, a trading terminal that analyzes and generates data on over 2,000 cryptocurrency markets.