• Kraken Login || How Did Kraken Become Popular?

    What Is Kraken?

    Cryptocurrencies have become increasingly popular with investors, traders, and other market participants across the globe. Along with a significant surge in the launch of numerous virtual currencies, the launch of trading venues for these cryptocurrencies is also on the rise.(kraken- login)

    Similar to the workings of a stock exchange, these cryptocurrency exchanges facilitate the buying and selling of virtual currencies by retail as well as by large investors and traders.

    This article discusses Kraken, one of the prominent crypto exchanges.

    The Kraken Marketplace

    Working on the lines of a stock exchange that facilitates stock trading, San Francisco-based Kraken is a cryptocurrency exchange where market participants can trade the various cryptocurrencies. The participants are allowed to buy or sell the cryptocurrencies using various fiat currencies, that include U.S. dollars, Canadian dollars, euros, and the Japanese yen.

    Virtual currencies available on the Kraken exchange include the popular ones, like Ethereum (ETH) and bitcoin (XBT), and others that have gained traction in recent times, like EOS (EOS) and Monero (XMR).1

    Kraken was established in 2011, and it formally launched the trading operations in 2013.23 It is owned by Payward Inc. and is headed by CEO and co-founder Jesse Powell.4 It provides the easy movement of money to and from the linked bank accounts of the participant, and the movement of cryptocoins to and from the participant's digital wallets from Kraken-linked trading accounts.

    How Did Kraken Become Popular?

    Over the years since its launch, a lot of factors have contributed to Kraken as a trading destination of choice for a variety of cryptocurrency market participants.

    As cryto-mania started gripping the world around 2014, Kraken, along with Coinbase exchange, was selected to provide the market data of bitcoin trading to the Bloomberg terminal.3 Getting associated with the leading market data provider helped Kraken gain popularity among the trader community. Bloomberg clients were then able to access virtual currency prices, charts, news, and social media posts through appropriate Bloomberg services and terminals.

    Shortly afterward, Kraken partnered with the global leader in chart-service provider, TradingView.5 It continued to add more cryptocurrencies, like lumen, to its trading platform and enabled funding and trading in various fiat currencies like the USD, GBP, and JPY. fter having a smooth initial phase post-launch, Kraken made headlines in late 2014, when it was selected “to support an investigation into the missing bitcoins, as well as the distribution of remaining assets to Mt. Gox's creditors.”6

    kraken login page