Kraken is a centralized exchange (CEX), ranked #2 on BitDegree’s Forex Tracker. Its recent 24-hour trading volume reached $399,593,464**, with a 7-day cumulative volume of **$396,387,377,192.
Launched in 2013, Kraken offers spot and options markets, supporting 600+ trading pairs across cryptocurrencies and fiat currencies. While available globally, certain regional restrictions apply.
Key Features:
- KYC Compliance: Users must verify accounts and submit proof of residence in supported countries.
- Maker-Taker Model: Fee tiers (nine levels) based on 30-day trading volume, starting at 0.16% for makers and 0.26% for takers.
- Stablecoin Tiers: Six fee tiers, with zero fees for trades exceeding $1M in volume.
- Margin Trading: Variable fees (e.g., 0.01% for BTC, 0.02% for ETH).
👉 Explore Kraken’s trading pairs
Markets & Trading
Spot Market
- Fee Structure:
| Tier | 30-Day Volume (USD) | Maker Fee | Taker Fee |
|------|----------------------|-----------|-----------|
| 1 | <50,000 | 0.16% | 0.26% |
| 9 | >10,000,000 | 0.10% | 0.00% |
Futures & OTC
- Kraken Futures: Leverage up to 50x (acquired via Crypto Facilities).
- OTC Desk: For large-scale orders.
Additional Services
Instant Buy
- Payment Methods: Credit/debit cards, digital wallets, online banking.
Fees:
- 0.9% for stablecoins.
- 1.5% for other cryptocurrencies.
- Processing fees: 3.75% + $0.25 (cards), 0.5% (bank transfers).
Company Background
- Founded: 2011 (launched 2013) by Jesse Powell as a successor to Mt. Gox.
- Headquarters: San Francisco, CA.
Milestones:
- 2021 Peak: $8B daily volume (May 19).
- 2022 Valuation: $11B.
- Kraken Bank: First U.S. crypto-chartered bank (2022).
FAQ Section
Q: What currencies does Kraken support?
A: Over 100 cryptocurrencies, including BTC, ETH, LTC, and EUR/USD pairs.
Q: Are there withdrawal limits?
A: Yes, limits vary by verification level and currency.
Q: Is staking available on Kraken?
A: Yes, with $500M+ rewards paid in 2021.
Note: All links except OKX are removed to comply with guidelines.
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