Overview

Kraken is a cryptocurrency exchange platform that allows users to buy, sell, and trade various digital assets. It is designed for both beginners and experienced traders, offering features that prioritize ease of use and convenience. Users can execute trades with high liquidity, which means their transactions are completed quickly. Kraken charges low transaction fees, sometimes as low as 0%, helping users keep more of their profits. The platform includes advanced charting tools to help investors track their investments effectively. Security is a major focus for Kraken, with multiple protective measures in place to keep user assets safe. It supports 70 different asset pairs and is continuously expanding its offerings. Additionally, Kraken provides 24/7 global customer support to assist users with any questions or issues.

Simplify's Take

What believers are saying

• Kraken's acquisition of NinjaTrader enhances its professional trading offerings.
• Sponsorship deals with Spurs boost Kraken's brand visibility in Europe.
• Acquisition of BCM strengthens Kraken's presence in the European market.

What critics are saying

• Increased competition from exchanges like Binance and Coinbase.
• Regulatory scrutiny in the EU could impact Kraken's operations.
• Volatility in cryptocurrency prices may affect Kraken's trading volume and revenue.

What makes Kraken unique

• Kraken offers both spot and futures trading for over 40 digital assets.
• The platform provides advanced charting tools for professional traders and technical analysts.
• Kraken's 24/7 global support ensures assistance for users at any time.

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Funding

Total Funding

$111.5M

Above

Industry Average

Funded Over

3 Rounds

$100,000,000

Series C

Feb 2019

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$100M

View all funding stages