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 trade a wide range of cryptocurrencies with low transaction fees, sometimes reaching 0%, which helps them keep more of their profits. Kraken ensures high liquidity, meaning trades can be executed quickly, and provides advanced charting tools to help users monitor their investments effectively. Security is a major focus, with multiple protective measures in place to keep user assets safe. The platform supports 70 different asset pairs and is continually 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 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