Kraken is a US based prominent bitcoin exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest bitcoin exchange in euro volume and liquidity”.
It currently has oversight of Mt. Gox claims for lost bitcoins.In June 2016, Kraken added Ethereum dark pool trading for large bitcoin buyers.
Kraken provides Bitcoin pricing to the Bloomberg Terminal. In April 2017, According to the reports, Kraken launched fiat funding options to transfers denominated US dollars and government-issued currencies.
Throughout 2017, the Kraken exchange has suffered from DDoS attacks and performance issues, to the point where the site has become mostly unusable. Trading volumes have declined as a result. Law firm Berns Weiss LLP in may of 2017 has begun scrutinizing Bitcoin exchanges involved in DDoS attacks. It will investigate claims on behalf of the users of crypto exchanges Kraken and Poloniex who may have suffered losses as a result of manipulation and insider trading. In November 2017, Kraken CEO Jesse Powell apologized for the site issues, but praised its security, citing its impeccable record.
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