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)
1.00 bps
Spread (100K)
4.72 bps
Slippage (5K)
0.50 bps
Slippage (100K)
2.36 bps
Grade Breakdown
| Retail | Institutional | |
|---|---|---|
| Spread | B | B- |
| Slippage | B | B- |
| Consistency | B- | C+ |
| Bid/Ask Balance | B+ | A- |
| Fragmentation | C+ | C+ |
Key Competitors
BTC/USDT · Spot| # | Exchange | Spread @100K | Slippage @100K | Grade | |
|---|---|---|---|---|---|
| 1 | Kraken (You) | 4.72 bps | 2.36 bps | B- | |
| 2 | 0.23 bps | 0.11 bps | A | View | |
| 3 | 0.18 bps | 0.09 bps | A | View | |
| 4 | 0.07 bps | 0.04 bps | A | View | |
| 5 | 0.57 bps | 0.29 bps | B+ | View | |
| 6 | 0.76 bps | 0.38 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