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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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Welcome to Kraken Engineering

At Kraken, Engineering and technology innovation have been the lifeblood of our business since our inception. For more than ten years, Kraken has been committed to building a crypto platform with the highest standards for security, performance and reliability. In that time, our people and systems have had to evolve under the enormous pressures of…

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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 Adds GBP and AUD Trading Pairs for 14 New Assets

As we further our expansion into markets that have substantial potential for growth, Kraken is more than doubling the number of trading pairs available to clients using both the British pound sterling (GBP) and the Australian dollar (AUD).  With the addition of 26 new trading pairs, Kraken’s GBP and AUD clients now have more seamless…

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Kraken to Halt XRP Trading for U.S. Residents

Given the recent SEC filing against Ripple Labs Inc., we are halting XRP trading for U.S. residents no later than January 29, 2021 at 5pm PT (January 30, 2021 at 1:00 UTC). We may begin implementing this process at any time on January 29, 2021, so all U.S. clients are strongly encouraged to resolve their…

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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…