Kraken develops a global Bitcoin exchange platform. Its platform facilitates account opening for building a cryptocurrency portfolio by providing various funding options. The company allows users to trade international currencies and other digital currencies. It was founded in 2011 and is based in San Francisco, California.
ESPs containing Kraken
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The institutional crypto trading & prime brokerage market is a complex and fragmented market that requires secure and reliable platforms to manage the operational complexity, security, and scale of trading cryptocurrencies. Vendors in this market offer built-in-house proprietary solutions that promise to combine prime brokerage, trade execution, and custody seamlessly. The market aims to unlock th…
Research containing Kraken
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Kraken in 6 CB Insights research briefs, most recently on Feb 23, 2023.
Expert Collections containing Kraken
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Kraken is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Kraken has filed 5 patents.
Radio navigation, Torpedoes, Navigation, Navigational equipment, Robotic submarines
Radio navigation, Torpedoes, Navigation, Navigational equipment, Robotic submarines
Latest Kraken News
Sep 13, 2023
After five years in Washington D.C., crypto’s lobbyists should be humble about their “wins” and learn from their losses. This month, the Blockchain Association, crypto’s leading trade association in Washington D.C., marks its fifth anniversary. The lobby shop now has 114 member companies, per a press release today, including big names like Coinbase, Kraken, CoinFund, Pantera Capital, Ripple and Uniswap. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here . It has an unwavering mission to “advance the future of crypto in the United States, promoting the potential of blockchain technology and shaping policy that ensures its success,” the release said. And that’s surely something most of us can get behind, whether we’re working directly in crypto or observing it in the media. But these are tough times for crypto in the capital. Following the collapse of FTX last November, and a string of scandals preceding it, the industry is struggling to get its message across to lawmakers and regulators. Many members of Congress are openly hostile to crypto’s goals, and the days when Sam Bankman-Fried could get dinner with any big D.C. fish are long gone. Congress members are wary of political contributions and wary of speaking too fulsomely of helpfully regulating an industry that has often lost voters money. There are few votes in championing Web3 anymore. So has the Blockchain Association failed? You could argue that. In the last five years, Congress has not passed any comprehensive crypto legislation and it doesn’t seem likely to any time soon . We’ve seen plenty of thoughtful bills proposed, including the second iteration of one from U.S. Senators Cynthia Lummis and Kirsten Gillibrand, and a Republican-supported stablecoin bill has received strong backing from key members of the House Financial Services Committee. But, with Gary Gensler’s launching a series of noisy enforcement salvos against companies like Coinbase, Kraken and Binance (and Binance’s U.S. subsidiary), many continue to complain about a lack of regulatory clarity. And, indeed, some have had enough of the U.S. entirely, choosing bases of operations in jurisdictions with more favorable and transparent regimes. I spoke to Kristin Smith, who has led the Blockchain Association for the last five years, about what her organization’s main achievements have been over that time. She points to three. First, she said, the association helped beat back a proposed rule from the Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury’s money laundering watchdog, requiring exchanges to collect personal information on unhosted or self-hosted crypto wallets. Second, the association, she said, helped water down a crypto tax and expansive reporting requirement contained in President Joseph Biden’s 2021 omnibus infrastructure bill. Third, the association has helped member companies, such as Ripple, Coinbase and Grayscale, to push legal arguments as they fought Securities and Exchange Commission actions against them. But you might call all these wins as maintaining the status quo rather than advancing the industry’s interests in a more positive direction. They are aimed at protecting businesses in an uncertain environment, instead of creating a world where crypto knows where it stands legally speaking. The legislative process is slow and that sometimes it takes a decade or more to move things forward. Blockchain Association CEO Kristin Smith Of course, nobody could have expected that SEC Chair Gary Gensler would have turned into such a crypto hawk. When he came to office in April 2021, he was widely seen as an industry ally, someone who had taught blockchain tech at MIT and understood its goals. In an op-ed for CoinDesk in December 2019, he had written “I remain intrigued by Satoshi’s innovation’s potential to spur change – either directly or indirectly as a catalyst. The potential to lower verification and networking costs is worth pursuing, particularly to lower economic rents and data privacy costs, and promote economic inclusion." Four years later, Smith, who is otherwise careful in her wording, is unabashed in calling Gensler “an enemy” of the industry.
Kraken Frequently Asked Questions (FAQ)
When was Kraken founded?
Kraken was founded in 2011.
Where is Kraken's headquarters?
Kraken's headquarters is located at 100 Pine Street, San Francisco.
What is Kraken's latest funding round?
Kraken's latest funding round is Corporate Minority.
How much did Kraken raise?
Kraken raised a total of $20.07M.
Who are the investors of Kraken?
Investors of Kraken include RIT Capital Partners, Socially Financed, Ahimsa Capital, The 6ixth Event, Electric Capital and 16 more.
Who are Kraken's competitors?
Competitors of Kraken include Huobi Global, Binance.US, FTX, BitPay, Crypto.com and 15 more.
Compare Kraken to Competitors
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Crypto.com serves customers with a crypto app, along with the Crypto.com Visa Card, the Crypto.com Exchange, and Crypto.com DeFi Wallet. Crypto.com NFT is a platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment, and sports. Crypto.com is built on a solid foundation of security, privacy, and compliance.
Paxos operates as a digital assets and blockchain company. It builds regulated blockchain and digital asset solutions for global leaders in financial services. It was founded in 2012 and is based in New York, New York.
CoinZoom is bridging the gap between, legacy FX, futures, stocks, and banking to make digital assets available to the masses. Using the platform, users can buy, sell, and trade Bitcoin & Ethereum with its secure cryptocurrency exchange app. Convert crypto coin to fiat on a Visa card to pay for purchases. The company was founded in 2018 and is based in Salt Lake City, Utah.