DEFINITION of 'Kraken'

Launched in 2013, Kraken is a San Francisco-based bitcoin exchange that facilitates the trading of bitcoins in multiple currencies including euros, U.S. dollars, Canadian dollars and the Japanese yen.

BREAKING DOWN 'Kraken'

Kraken supports trading in 17 different cryptocurrencies, including the major ones like bitcoin (XBT) and Ethereum (ETH), and also in special digital currencies like Augur REP tokens (REP) and EOS (EOS).

Kraken offers multiple account types that facilitate the leverage-based margin trading in bitcoins as per the prescribed limits. Along with serving individual bitcoin traders and investors, Kraken also provides the special Corporate/Premier program for businesses and high-volume traders.

Since its launch, Kraken has evolved as a primary cryptocurrency exchange achieving multiple milestones over the years. It provides complete bitcoin market data to the Bloomberg terminal, including the volume and order book data. It has integration with TradingView charts, a prominent charting service used across the globe. Kraken also offers dark pool services for bitcoin traders.

RELATED TERMS
  1. Bitcoin Cash

    Bitcoin cash is a cryptocurrency created in August 2017, arising ...
  2. Bitcoin Unlimited

    A proposed upgrade to Bitcoin Core that allows larger block sizes.
  3. Bitcoin Misery Index

    The bitcoin misery index measures the momentum of bitcoin based ...
  4. Bitcoin Whale

    Large holders of bitcoins are called bitcoin whales, whose actions ...
  5. Bitcoin Dust

    Bitcoin dust is the small value of bitcoins that cannot be transacted ...
  6. Bitcoin Private (BTCP)

    Bitcoin Private combines the popularity of bitcoin with the privacy ...
Related Articles
  1. Tech

    Why Did Kraken Suspend Operations In Japan?

    San Francisco-based cryptocurrency exchange Kraken stopped operations in Japan citing rising costs.
  2. Tech

    Can Futures Trading Solve Bitcoin's Problems?

    The introduction of futures trading is being hailed as the legitimization of bitcoin trading but what else does it mean?
  3. Tech

    How To Trade Forex With Bitcoin (XOM, EXPE)

    We look at ways to trade forex with bitcoin and the pitfalls in doing so.
  4. Tech

    5 Most Bitcoin-Friendly States

    Learn about five of the most Bitcoin-friendly states in the United States based on its regulatory treatment and the degree to which it is accepted by merchants.
  5. Tech

    What Determines the Price of 1 Bitcoin?

    There are several factors that affect bitcoin's price, including supply and demand, forks, and competition.
  6. Tech

    Countries Where Bitcoin Is Legal & Illegal (DISH, OTSK)

    Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency. However, a few countries have banned bitcoin altogether.
  7. Tech

    How Bitcoin Can Change The World

    Bitcoin has the potential to not only create savings for consumer, but also to transform global transactions.
  8. Tech

    Analyzing Bitcoin in 2016

    Discover the market dynamics behind bitcoin's latest price recovery in late 2015 and why its underlying value is expected to remain strong in 2016.
  9. Tech

    Cboe to Start Bitcoin Futures Trading on Dec. 10

    Cboe Global Markets has beaten cross-town rival CME in starting bitcoin futures trading.
  10. Tech

    Bitcoin Innovations And Obstacles

    Investopedia explains the development of the Bitcoin digital currency system and the risks associated with using and investing in it.
RELATED FAQS
  1. Is Bitcoin legal in the US?

    Learn about the legality of Bitcoin as a form of payment in the United States, as well as how it is produced and concerns ... Read Answer >>
  2. What Does the Bitcoin Blockchain Record?

    Read about the bitcoin blockchain, a public ledger shared among all bitcoin users that records the information of every single ... Read Answer >>
Trading Center