Kraken
Founded 2011 · United States
24H Volume
$43.4M
30D Volume
$34.7B
Trading Pairs
1,403
Listed Coins
643
Execution Quality
BTC/USDT · SpotKey Metrics
Spread (5K)
1.53 bps
Spread (100K)
4.19 bps
Slippage (5K)
0.76 bps
Slippage (100K)
2.10 bps
Grade Breakdown
| Retail | Institutional | |
|---|---|---|
| Spread | B- | B |
| Slippage | B- | B |
| Consistency | B- | B- |
| Bid/Ask Balance | A | A |
| Fragmentation | B+ | B+ |
Key Competitors
BTC/USDT · Spot| # | Exchange | Spread @100K | Slippage @100K | Grade | |
|---|---|---|---|---|---|
| 1 | Kraken (You) | 4.19 bps | 2.10 bps | B | |
| 2 | 0.08 bps | 0.04 bps | A | View | |
| 3 | 0.40 bps | 0.20 bps | A | View | |
| 4 | 0.94 bps | 0.47 bps | A- | View | |
| 5 | 0.92 bps | 0.46 bps | A- | View | |
| 6 | 0.94 bps | 0.47 bps | B+ | View |
About Kraken
Kraken is a global cryptocurrency exchange operated via kraken.com that offers spot, margin, derivatives and staking services across a wide range of digital assets, along with emerging products like tokenized equities and payments. The platform targets both retail and institutional clients with deep liquidity, a professional trading interface (Kraken Pro), extensive API access, and a strong focus on security and regulatory compliance. Its ecosystem also includes educational resources, regional on-ramps, and institutional-grade infrastructure designed to bridge traditional and digital financial markets.
Strengths
- Never been hacked - strong security track record
- Multiple fiat currencies supported
- Strong EUR liquidity
- Available in most US states
- Proof of Reserves audits
Considerations
- Lower overall liquidity than Binance
- Higher fees than offshore exchanges
- Interface can be complex for beginners
- Customer support wait times