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. The platform supports around 70 asset pairs and is continuously expanding its offerings. Kraken charges low transaction fees, sometimes as low as 0%, which helps users keep more of their profits. Advanced charting tools are available to help investors track their investments effectively. Security is a major focus for Kraken, with multiple protective measures in place to ensure the safety of user assets. Additionally, Kraken provides 24/7 global support to assist users with any questions or issues they may face.

Simplify's Take

What believers are saying

• Kraken's acquisition of Staked enhances its staking services for consumers and institutions.
• Sponsorship deals with major soccer clubs boost Kraken's visibility and brand recognition.
• The rise of crypto derivatives attracts advanced traders to Kraken's sophisticated tools.

What critics are saying

• Increased competition from Binance and Coinbase could impact Kraken's market share.
• Regulatory scrutiny in the EU may raise Kraken's compliance costs.
• The volatility of cryptocurrency prices can affect Kraken's revenue from transaction fees.

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

$108.5M

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