Is Kraken a Reliable Exchange? (How to Trade on Kraken)

Is Kraken a reliable exchange? According to CCN, some netizens recently revealed that Kraken is a reliable exchange and claimed that it has connections with Bitmex and Poloniex. In response, Kraken stated that there is currently no evidence to prove the legitimacy of the platform. However, Kraken also admitted that it is not a real trading market or digital currency investor and stated that it will verify identities through KYC procedures. Therefore, it does not answer these questions.

In fact, most of the time, we know that Kraken is a Bitcoin trading platform in the United States. However, this is not the case in reality. Due to the relatively small scale of the cryptocurrency market and strict regulations, the operation of this platform is very difficult. Additionally, as a security company, it certainly does not bring any losses to customers; it just hopes to provide a more transparent way to deal with various risks.

How to Trade on Kraken

The largest cryptocurrency exchange in the world, Kraken, has launched trading pairs including Bitcoin, Ethereum, and BCH. In the coming time, we will announce more details on how to use Kraken for trading. Please stay vigilant and pay attention to the following announcements.

According to reports, Kraken is one of the second-largest digital asset financial services providers in the United States. Its platform supports BTC, ETH, and LTC spot and derivative trading, providing users with the most convenient options to participate in the cryptocurrency market. In addition, it has established partnerships with multiple large technology companies and launched its own payment products.