Kracken

Key Features

Trading Platform: Kraken provides multiple trading options:

• Spot trading with over 200 cryptocurrencies
• Futures and margin trading (up to 5x leverage)
• Over-the-counter (OTC) trading for large transactions
• Staking services for earning rewards

Asset Support: The exchange supports over 200 cryptocurrencies, including BTC, ETH, LTC, XRP, ETC, ZEC, USDT and and 7 fiat currencies, including USD, EUR, GBP, and JP. 2

‍User Base: Kraken serves over 8 million traders and institutional clients worldwide.

Trading Volume and Market Presence

As of 2024, Kraken reports:

• $207 billion+ in quarterly trading volume
• Operations in 190+ countries
• 10 million+ clients globally 1

Fees and Trading

Kraken uses a tiered fee structure based on trading volume:

• Instant Buy: 0.9% for stablecoins, 1.5% for other crypto assets
• Kraken Pro: Maker fees 0.00% to 0.16%, taker fees 0.10% to 0.26% 2

Security

Kraken emphasizes security measures, including:

• Two-factor authentication (2FA)
• Cold storage for funds
• Encryption of sensitive account information 1

Where Is Kraken Located?

The company is based in San Francisco, California.

Kraken Restricted Countries

Kraken is available to all U.S. residents, except those living in New York and Washington. However, Kraken Futures are not available to all U.S. residents. Currently, the platform serves millions of customers in approximately 200 countries.

The company has several restrictions for the following countries: Afghanistan, Central African Republic, Congo-Brazzaville, Eritrea, Congo-Kinshasa, Guinea-Bissau, Cuba, Lebanon, Iran, Mali, Iraq, Namibia, Libya, Somalia, North Korea, South Sudan, Syria, Sudan, Tajikistan and Yemen. 3

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