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What is Proof of Reserves? A Beginner’s Guide

In light of recent events in the crypto industry, it’s becoming increasingly important for Kraken clients and industry participants to understand the significance of Proof of Reserves (PoR) at Kraken.  This technique, one that is only possible in the new world of cryptocurrency, is a way for Kraken clients to verify whether or not their…

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How to talk to your relatives about crypto this holiday season

It’s time to whip out the turkey baster — the holiday season is officially here. As you wind down with your loved ones after a tumultuous year in the crypto space, you’re probably in for a few fascinating (possibly even heated) discussions about Bitcoin, blockchains and even Ponzi schemes. As you prepare yourselves for these…

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October 2022 Market Recap & Outlook

Bouncing back from September’s performance, October 2022 trended positively for cryptoassets overall. All sectors saw positive returns ranging between +1% to +69% as BTC and ETH gained +6% and +20% respectively over the course of the month. While the green candles piled up across all sectors, DeFi assets saw mixed returns, ranging from -17% to…

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Kraken NFT is now live for beta testers

We’re thrilled to announce that Kraken NFT is now live for a select group of beta testers.  After waiting patiently for the chance to experience the marketplace, Kraken NFT Beta testers will have exclusive access to explore, trade and secure NFTs from the most popular artists and projects — all while paying zero gas fees.*…

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Silver Lining

Hot on the heels of August, September 2022 also trended negatively for cryptoassets overall. Based on market capitalization, all sectors saw negative returns for the month, ranging from -14% to -1%. Following the overall crypto market trend, NFT market activity also slowed in August. Average daily users and average daily transactions fell -5.7% and -3.1%…

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Crypto for All: Empowering our Ukrainian clients with Bitcoin

“Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians.” – Jesse Powell, Kraken Co-founder and CEO On March 9, 2022, we announced an ambitious aid package as Kraken distributed $1,000 in BTC to all Ukrainian accounts. This came two weeks…

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Kraken announces leadership succession plan

After a rigorous internal and external search over the past year, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will become chairman of the board of directors. Dave has been building the future of financial freedom and inclusion alongside Jesse for six years and…