Jitendra Vaswani

How Many People Use Kraken [Year]? 

In this article, we will discuss How Many People Use Kraken [Year]? 

Bitcoin and Ethereum can be purchased, sold, and exchanged on Kraken, a prominent cryptocurrency exchange. In addition to buying and selling cryptocurrencies at market prices, Kraken provides customers with margin accounts and futures trading, which is riskier but useful for certain trading methods.

The main Kraken site is the easiest way for new crypto investors to enter the Kraken ecosystem. Kraken Pro is a low-cost active trading platform that may be preferred by more seasoned traders, even outside of cryptocurrencies.

What Is Kraken?

Kraken is the leading cryptocurrency exchange in the UAE. It is a trading platform launched in 2011 in San Francisco, making it one of the largest and oldest exchanges, and it offers the optimal solution for all trading requirements. Kraken facilitates the purchase, sale, and exchange of a multitude of cryptocurrencies.

Kraken crypto exchange is the oldest and most well-known Bitcoin exchange in the world, boasting a comprehensive selection of digital assets and natural currencies. The presence of Kraken is not restricted to a particular location, but rather global.

How Many People Use Kraken

Kraken’s trading platform, headquartered in San Francisco, California, United States, is the pillar of trust for millions of traders from 190 countries around the world and garners unlimited likes and positive reviews from numerous channels, media houses, institutions, and authorities, including the BaFin-regulated Fidor Bank in Germany. Kraken’s clientele is comprised of Blockchain Capital, Digital Currency Group, Hummingbird Ventures, and Money Partners Group.

According to reports, no other Bitcoin exchange, including Coinbase pro, presents transparent market data. In addition, Kraken is one of the few cryptocurrency exchanges that displays market data on the Bloomberg Terminal, has passed a cryptographically verified proof-of-reserves audit, and is among the first to offer leveraged margin trading. Kraken enables users to explore the world of cryptocurrencies and develop their portfolios beyond specific coins.

Kraken: Mission, Vision & Core Values

The sole mission that drives the authorized cryptocurrency exchange is its customers’ confidence, which it upholds. On the top of the Mission, list are customer service, customer happiness, and support for customer care.

Kraken is one of the market’s leading Cryptocurrency exchanges. According to our study, the protection and safety of trading with Kraken is the most enticing aspect, as it removes unwanted vectors of intrusion, thereby guaranteeing the highest level of security for your consumers’ hard-earned bitcoin investments.

Therefore, you are guaranteed financial stability and sound banking relationships. The comprehensive approach of Kraken’s financial professionals supports all of your professional needs.

Earning the confidence of our customers has always been our top concern. We win this trust by providing the highest level of security in the industry; the majority of our digital currencies are stored securely in cold storage wallets, preventing bad actors from accessing your account, and we enable global profile settings locks.

Kraken’s long-term objective is to create a prosperous economy. Kraken, a cryptocurrency exchange, firmly believes in the Veto Power, which ultimately empowers the Bitcoin Trader (or any other). Kraken, the finest cryptocurrency exchange, is naturally one of the greatest sites for high-volume traders to transact cryptocurrencies online with cheap fees.

Utilizing an algorithm based on the decentralized financial technology blockchain has altered the future of money. Include, Liberate, and Empower – ILE Movement best defines the one-term Value.

Who could have predicted that Jesse Powell would rewrite Kraken’s growth narrative? The same Jesse Powell from San Francisco would rewrite the destinies of billions of people to make their dreams of making money a reality, to emerge from filthy dungeons of abject poverty and begin trading their way to a secure and notable identity.

Who Is Kraken Beneficial?

Kraken is accessible internationally and to the majority of U.S. citizens. Nonetheless, residents of New York and Washington cannot access the exchange at this time.

Customers must be aware that Kraken only accepts a handful of fiat currencies. This means that citizens of certain countries may be subject to additional conversion fees. However, because U.S. dollars are accepted, users from the United States have no cause for concern on this front.

Why is Kraken a Good Option?

Kraken’s superior security, cheap trading costs, and broad selection of tradable cryptocurrencies make it an excellent option for both novice and seasoned crypto investors.

New users should not spend too much time on Kraken’s beginning platform. Kraken Instant Buy charges a flat price of 0.9% for stablecoins and 1.5% for all other cryptocurrencies; these fees are not competitive.

Advanced traders who utilize the Kraken Pro trading platform are charged extremely reasonable fees and have access to a vast array of bitcoin trading markets. Even better, trading fees decrease as volume increases.

Experienced investors should additionally value Kraken’s extensive selection of coins, as well as their staking and margin trading capabilities. Note that in the United States, margin trading is prohibited to account holders with extremely large balances.

Kraken’s Disadvantages

Instant Buy, Kraken’s trading program for beginners, features relatively high trading costs, and rookie crypto investors may be unaware of how uncompetitive these fees are.

For traders utilizing Instant Buy, the site levies a 1.5% fee on all trading pairs and a 0.9% fee on stablecoins. Even simple crypto trading on Kraken or any other platform should be approached with caution by investors.

How Many People Use Kraken [Year]?

Many people are curious about the number of Kraken users in 2022.

To answer your question, more than 6 million individuals utilize Kraken daily to purchase and trade cryptocurrency.

It can be downloaded from both the Apple App Store and the Google Play Store and is available in over 170 countries worldwide.

Kraken is estimated to be the fourth-largest cryptocurrency exchange by trading volume.

According to the most recent data from Coinmarketcap, its daily average trading volume is $718.13 million.

Kraken mobile apps

Kraken has three smartphone applications, each designed for a distinct aspect of the trade.

The Kraken mobile app allows for quick buying and selling, whilst the Kraken Pro app provides traders with a feature-rich experience, and Kraken Futures focuses exclusively on futures contracts.

Kraken app

The Kraken app seeks to make purchasing and trading cryptocurrencies from a mobile device quick and simple. It offers fiat deposits and withdrawals within the app, the ability to buy and sell cryptocurrencies, a portfolio tracker, and customer assistance. According to Kraken, even those who have never purchased cryptocurrency before will be able to use the platform.

Kraken Pro app

 The Kraken Pro app intends to deliver a complete exchange experience to your mobile device. It includes all of Kraken’s markets, increased security, margin trading, advanced order types, and real-time market data. This is one of the most comprehensive exchange apps available, as demonstrated by its average rating of 4.5/5 on the Play Store and 4.9/5 on the App Store.

Kraken Futures app

As its name suggests, the Kraken Futures mobile application focuses exclusively on futures markets. Similar to the PC exchange, users can trade with up to 50x leverage on five different currency pairings. In-app customer support and real-time market statistics round out the experience.

Kraken’s Funding Rounds

Kraken has raised a total of $134,1 million across 17 fundraising rounds. Their most recent funding was raised through a Secondary Market deal on March 15, 2022.

The funding for Kraken comes from 46 investors. SkyVision Capital and Axevil Capital are the newest investors.

Kraken Website Statistics

In April, 8.4 million people went to Kraken’s website, which is ranked #6069 in the world and #89 in the finance category.

Audience composition can disclose the current market share of a website’s distinct audiences. 72.95% of kraken.com’s audience is male, while 27.05% is female. The greatest age group of visitors consists of those aged 25 to 34. (Desktop)

Even though this number is lower than the number of visits in February and March, which were 9.1 million and 9.5 million, respectively, the rate of user engagement is impressive.

The average user spends more than five minutes on the platform trading and learning.

Top Countries Accessing the Kraken Site

Kraken is available in more than 170 countries and has a good reputation in strong cryptocurrency markets, both in North America and elsewhere.

Here is a list of the countries where the most people visited the Kraken site in April:

  • United States – 22.26%
  • Germany – 11.66%
  • France – 7.39%
  • United Kingdom – 5.90%
  • The Netherlands – 4.08%
  • Other Geographic Locations – 48.71%

The United States, which is where Kraken is based, had the most people visit its website last month.

Kraken’s Audience Demographics by Age

25 to 34 years old – 33.62% 35 to 44 years old – 22.09% 45 to 54 years old – 13.35% 55 to 64 years old – 7.73%

Kraken’s Audience Demographics by Gender

Audience composition can disclose the current market share of a website’s distinct audiences. 72.53% of kraken.com’s viewership is male, while 27.47% is female. The greatest age group of visitors consists of those aged 25 to 34. (Desktop). https://www.similarweb.com/website/kraken.com/#demographics

Website Visit Counts for Kraken’s Competitors

According to Similarweb data on monthly visitors, kraken.com’s leading competition in September 2022 will be coinbase.com, with 34.6 million visits per month. kraken.com With 1.2M views in September 2022, bitstamp.net is the second-most comparable website, followed by crypto.com with 5.7M. https://www.similarweb.com/website/kraken.com/#demographics

What Can You Buy at Kraken?

Kraken Exchange offers a vast selection of cryptocurrencies and compares favourably to other US-based exchanges like Gemini and Coinbase. It falls short of foreign exchanges such as Binance. Currently, they offer more than 150 trading pairs on the exchange.

The following crypto assets are available for trading on Kraken:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Tether (USDT)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Tezos (XTZ)
  • Stellar (XLM)
  • Monero (XMR)
  • Augur (REP)
  • Cosmos (ATOM)
  • Melon (MLN)
  • EOS (EOS)
  • Dash (Dash)
  • Cardano (AMA)
  • Basic Attention Token (BAT)
  • Chainlink (LINK)
  • Ethereum Classic (ETC)
  • Polkadot (DOT)
  • Maker (MKR)
  • Filecoin (FILE)
  • Pax Gold (PAXG)
  • Polygon (Matic)
  • USD Coin (USDC)
  • Nano (NANO)
  • Tezos (XTZ)

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Conclusion: How Many People Are Using Kraken [Year]?

Now you can answer the question, “How many individuals will utilize Kraken in [Year]?”

Due to the platform’s user-friendliness, minimal trading fees, and security, over 6 million individuals utilize it on a regular basis.

Due to these factors, the site has become the fourth-largest cryptocurrency exchange in the world in terms of the daily volume of transactions.

Examine Kraken for yourself to determine if it fits your investment strategy.

Consider that investing in cryptocurrencies is a high-risk endeavor. Be cautious when trading!

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