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 low transaction fees, sometimes reaching 0%, which helps them keep more of their profits. The platform boasts high liquidity, enabling quick trade executions, and provides advanced charting tools to help investors track their investments effectively. Security is a major focus for Kraken, with multiple protective measures in place to secure user assets. The platform supports 70 different asset pairs and is continuously expanding its offerings. Additionally, Kraken offers 24/7 global support to assist users with any questions or issues.

Simplify's Take

What believers are saying

• Kraken's acquisition of BCM strengthens its European market presence.
• Sponsorship deals with Spurs and Atlético boost Kraken's brand visibility globally.
• Increased institutional adoption of crypto could drive higher trading volumes on Kraken.

What critics are saying

• Regulatory scrutiny in the U.S. and Europe could impact Kraken's operations.
• Market volatility may affect trading volumes and Kraken's revenue.
• Security vulnerabilities from rapid tech integration could expose Kraken to cyber threats.

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 OTC desk and white glove service cater to clients trading larger sizes.

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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