News

Meet The Kraken Bank Executive Team: CEO David Kinitsky

First revealed last September, Kraken is quietly hard at work gearing up to launch Kraken Bank. This exciting new venture is helping to shape the landscape for both Bitcoin and other cryptocurrency services – and the banking industry – well into the future.  While we can’t reveal all the details yet, we sat down with…

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Oxidizing Kraken: Improving Kraken Infrastructure Using Rust

Simon Chemouil  –  Director of Engineering, Core Backend For more than two years now, Kraken’s Core Backend team has been using Rust to modernize services originally written in PHP, while building new products, expanding the feature set and supporting the ever expanding increase in cryptocurrency trading activity. Hi 👋! I’m Simon, the Director of Engineering…

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Kraken Security Labs Finds Flaws in Safepal S1 Hardware Wallet

Kraken Security Labs, our expert team of security researchers, identified vulnerabilities within the Safepal S1 hardware wallet. While we were not able to steal cryptocurrency from the wallet, we demonstrate certain weaknesses that may make future compromise possible.  At Kraken, we try to discover attacks before they happen. Upon discovery, we disclosed the full details…

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The Deep Dive on DeFi

The rise of Decentralized Finance (DeFi) has not only brought a newfound wave of innovation to the broader crypto ecosystem, but also the opportunity for savvy investors to generate staggering returns.  Like all markets, especially those in a state of adolescence, DeFi’s reward isn’t without its risks. After all, depositing assets in internet protocols is…

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Kraken Deploys System Upgrades After Surge in Crypto Interest

On January 29, there was unprecedented demand for Kraken services that far exceeded our surge prediction modeling.  For context, $56 billion was traded on our platform in January of this year – more than all the volume transacted for the full year of 2019. This past weekend alone, we saw a 1,000%+ increase in signups. …

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2020 Crypto-In-Review: The Year of The ₿ull

Prices are soaring, innovation is breaking ground, opportunities are flourishing and cryptocurrency adoption is relentless. As we begin a new year with unbridled enthusiasm, Kraken examines the past year — one that won’t be soon forgotten.  The year 2020 will be remembered for economic and humanitarian catastrophe. It will also be recognized by the crypto…

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Update on Ethereum 2.0 Staking Rewards

Last month Kraken launched its Ethereum 2.0 staking service, which makes it easy for ETH holders to earn rewards of approximately 5% or more and help support the upgrade to Ethereum 2.0.  Staking is an opportunity that is only appropriate for clients who want to hold their ETH long-term, because staked ETH cannot be unstaked…

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Going Global: Kraken’s 2020 Year in Review

2020 proved a wild year for digital asset investors as prices swung from steep lows to all-time highs, but Kraken navigated a steady course and continued to shepherd industry growth. As you prepare for the year ahead (one our VIP clients think will bring no shortage of opportunities), we’d like to revisit our major milestones.…