We’re thrilled to announce that Covalent (CXT) is now available on Kraken! Funding and trading CXT trading is live as of 14:00 PM UTC today, August 8th, 2024. To add $CXT to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens using the networks […]
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Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level.
Bitcoin (BTC) price plunged 5.5% between July 31 and Aug. 1, reaching its lowest level in over two weeks at $62,498. This movement has been attributed to reduced expectations of interest rate cuts in the United States and the distribution of 47,000 BTC from the estate of defunct exchange Mt. Gox. Traders fear that Bitcoin’s price could further correct to retest the $57,000 support level, but derivatives markets show resilience and no signs of stress.
On July 31, the United States Federal Open Market Committee announced its decision to leave interest rates unchanged at 5.25%, aligning with market expectations. Fed Chair Jerome Powell cited solid signs of gross domestic product expansion and confidence in the current rate of inflation reduction, potentially supporting a rate cut in September. In short, Powell’s statement suggests a more cautious approach to rate cuts.
Investors increased their bets in US Treasurys, causing the five-year yield to reach its lowest level in six months. Part of this movement can be explained by escalating tensions in the Middle East, leading traders to seek protection in the asset deemed safest. Another confirmation of this theory comes from the precious metal gold, as its price increased to $2,450, just 1.5% below its all-time high.
We’re thrilled to unveil Kraken Labs, initially launching as a suite of five interactive data visualization modules created by staff designer Benno Gerrit Wissing. These experiments leverage both Kraken-derived and onchain data to explore the limitless possibilities of crypto data visualization, ranging from highly exploratory and abstract 3D real-time data visualizations to insight-driven experiments that […]
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We’re thrilled to announce that Layer3 (L3) is now available on Kraken! Funding and trading L3 trading will be live as of 10:00 AM UTC today, July 30, 2024. To add $L3 to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into the […]
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Intelligent, powerful and agile, the Kraken evolved to meet the burgeoning demands of the digital asset world. With a clear vision shimmering in its eyes, it set out to make cryptocurrency secure and accessible to all.
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Take profit/stop loss offers Kraken Pro futures traders new, powerful tools for optimizing risk management and capturing profit.
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Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Kraken Distributes Mt. Gox Bitcoin and Bitcoin Cash to Creditors Cryptocurrency […] 
How mission, values and culture bring meaning and job satisfaction to Krakenites
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Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency. Dave Portnoy Embraces Bitcoin Payments Dave Portnoy, founder […]
Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […]