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USDT deposits and withdrawals available via the Solana network!

March 16, 2023 | Asset Listings, Product We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT) via the Solana network! Solana is an open source blockchain platform and scaling solution for decentralized applications (dApps). The platform uses a novel consensus mechanism known as proof-of-history (PoH) to increase transaction throughput and…

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Kraken’s OTC Portal is now part of Kraken Pro

We’re thrilled to announce that Kraken’s OTC Portal is now integrated within Kraken Pro. This integration allows OTC clients to access the features and functionality they know and love from our OTC Desk via a fully automated, self-service UI.  Access the OTC Portal by logging in to Pro and selecting “OTC” in the top navigation:…

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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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Bleeding out: October and November 2022 on-chain report

After several months of headwinds for the crypto space, the historical collapse of Sam Bankman-Fried’s FTX crypto exchange in early November added fuel to the bear market’s fire. While FTX’s collapse has negatively impacted many actors in the industry, the true extent of the collateral damage from this debacle is only beginning to surface. The…