![]() Kraken also provides advanced order types such as stop-loss orders and automated trading. Trading Options – The platform allows for Bitcoin Margin Trading with leveraged trading of up to 5x with shorting. ![]() The platform also offers two factor authentication, a master key, and a global settings lock to help maximize user security. Security – Kraken incorporates cold storage techniques in order to secure funds as well as using PGP/GPG encryption.The exchange also undertakes Proof of Reserves Audits and leads the way in performing cryptographically-verified auditing. Liquidity– Kraken boasts a high level of liquidity and this allows for the fast funding of accounts and high trading volumes.There is also an iOS mobile app which makes the platform easily accessible across a number of devices. Functionality – Kraken provides a basic interface and detailed documentation to help beginners in addition to providing charting geared towards more advanced traders.Kraken also operates a dark pool, which is a private securities exchange that allows large financial institutions and high net worth individuals to make anonymous trades. Gox filed for bankruptcy protection, the administration team chose Kraken as a reliable partner to help facilitate payments to creditors. The company also enjoys a good reputation due to the fact that it has been resilient to major hacks and also as it was chosen as the platform by which creditors of the Mt.Gox exchange could receive their claims. Kraken also outdoes its competition by dealing in multiple fiat currencies which include the US Dollar, the Canadian Dollar, the Euro, the British Pound, and the Japanese Yen. Kraken is one of the most popular international exchanges and is available to residents of the US, Canada, Japan, and various European nations. Based in San Francisco, Kraken has some notable achievements under its belt with 2014 proving to be pivotal for Kraken as it became the number one exchange by Euro trade volume, pioneered the first verifiable cryptographic proof of reserves audit system and was also listed on the Bloomberg Terminal within the same year. Kraken was founded by current CEO Jesse Powell in July 2011 and the exchange officially launched to the public in September 2013. Kraken is also the current world leader in terms of Bitcoin to Euro trading volumes. Kraken retains an international appeal and provides efficient trading opportunities in numerous fiat currencies. The exchange has built a reputation as being a secure destination for anyone interested in trading cryptocurrencies and it is also a popular choice for both traders and institutions across a variety of locations. Founded in 2011, Kraken is one of the oldest and most popular cryptocurrency exchanges currently in operation.
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