Kraken

Kraken is a US-based cryptocurrency exchange founded in 2011, headquartered in San Francisco. It is one of the largest and oldest exchanges globally, renowned for its robust security measures, low trading fees, and extensive range of cryptocurrencies available for trading. As of 2024, Kraken supports over 185 cryptocurrencies, including major coins like Bitcoin, Ethereum, and XRP, along with a wide selection of altcoins. The exchange facilitates trading across various markets, including spot, margin, derivatives, and over-the-counter (OTC) markets.

Kraken's trading platform is designed to cater to both novice and experienced traders. The main platform offers a user-friendly interface suitable for beginners, while the Kraken Pro platform provides advanced features like margin trading, futures trading, and customizable charting tools for more seasoned traders. Kraken's fee structure is competitive, with maker fees starting at 0.16% and taker fees starting at 0.26%, which decrease based on 30-day trading volume.

In addition to its trading services, Kraken offers staking rewards for certain cryptocurrencies, allowing users to earn passive income on their holdings. The exchange prioritizes security, employing measures such as cold storage for 95% of digital assets, 24/7 surveillance, and rigorous verification processes. Kraken also provides an OTC desk for institutions and high-net-worth individuals, offering personalized service for large trades.