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.

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