News

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 Donates $100,000 to Anti-Human Trafficking Intelligence Initiative

Kraken is proud to announce that it has become a Diamond Sponsor of the Anti-Human Trafficking Intelligence Initiative (ATII), a U.S.-based nonprofit that harnesses intelligence to help financial institutions, technology firms and cryptocurrency exchanges combat human trafficking and child exploitation.  “Kraken’s partnership with ATII will provide us with actionable data on illicit dark web use…

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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…

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Ethereum 2.0: Does ETH become deflationary post-Merge?

We’re quickly approaching The Merge, the most notable upgrade in Ethereum’s history and a crucial turning point for the wider crypto industry. As the Ethereum blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS), The Merge is expected to be the bedrock upon which Ethereum’s scalability improvements are built. As this highly anticipated event draws closer,…

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Mixed Signals

Over the last few months, the crypto industry faced numerous headwinds. These included the death spiral of the Terra ecosystem, the insolvency of over-leveraged hedge fund Three Arrows Capital, and major crypto lending platforms – like Celsius, BlockFi, Voyager and Vauld – taking drastic measures to accommodate “extreme market conditions.” Due to these developments, market…

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Trading for PARA Starts September 7 – Deposit Now!

September 7, 2022 | Asset Listings, Product We’re thrilled to announce that Parallel Finance (PARA) starts trading on Kraken today! Funding and trading Add PARA to your Kraken account by navigating to Funding, selecting Parallel Finance, and then Deposit. Trading begins September 7. Here’s what you need to know: Ticker PARA Tradable against EUR, USD…

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Ride Out

After July’s green candles, August 2022 resumed a downward trend for cryptoassets across the board. Bitcoin, Ethereum and the rest of the crypto market saw negative returns for the month. Prices of BTC (-14%) and ETH (-8%) decreased after July’s gains. Metaverse (-23%) and DeFi (-21%) led sectors to the downside. NFT market activity also…

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Trading for ENS and FARM Starts Now For USA and CA!

Following Kraken’s listings of Ethereum Naming Service (ENS) on February 23, 2022, and Harvest Finance (FARM) on June 15, 2022 for most countries, Kraken is excited to announce the availability of these tokens for residents of the United States and Canada! Funding and Trading Funding and trading are live.  You can add these tokens to…