5 Ways Kraken Exchange Is Giving Coinbase a Run for its Money
The post 5 Ways Kraken Exchange Is Giving Coinbase a Run for its Money appeared on BitcoinEthereumNews.com.
Coinbase is the leading crypto exchange in the US by daily trading volume and is publicly traded on Wall Street. But far out in Silicon Valley, Kraken is making waves. Kraken Is a Secure US Crypto Exchange California State University philosophy major Jesse Powell founded Kraken in 2011. After consulting for Mt. Gox, he decided the new Bitcoin sector would need a more secure solution. Mt. Gox famously crashed and burned after a 2014 hack stole 650,000 BTC. Today, the value of the stolen bitcoin has grown to $56 billion. But under the leadership of Powell, who stepped down as CEO a few years ago, Kraken developed a reputation for being a secure platform to trade cryptocurrencies and leave them in third-party custody. “The original ideal was to get Bitcoin to the world, and we’ve achieved a lot of that, opening access to people who have been unbanked by the formal financial system,” Powell said recently. Coinbase Is Popular With Investors Founded in 2012 by Brian Armstrong, a former Airbnb engineer, Coinbase leapfrogged Kraken. Today, it is the most popular crypto exchange in the US, and its stock is publicly traded on the Nasdaq. Cathie Wood’s ARK Invest swiped $9.3 million worth of Coinbase stocks at a discount when markets flipped this Feb. Just like the tech-focused hedge fund did last August when markets wigged out. And, in June 2023. So, Coinbase has been a popular favorite among blockchain sector investors for some time. These recent Kraken news updates, however, may be giving its competitors at Coinbase a run for their money. 1. Kraken to IPO in Q1 2026 The little purple monster is reportedly planning to go public with an IPO in quarter one of 2026. That’s according to a recent Bloomberg report. “We recently disclosed 2024 financial highlights…
Filed under: News - @ March 30, 2025 4:14 pm