Founded in the year 2011, San Francisco, California-based Kraken is the largest Bitcoin exchange in euro volume and liquidity and also trading Canadian dollars, US dollars, British pounds and Japanese yen. Kraken is consistently rated the best and most secure Bitcoin exchange by independent news media.
Kraken was the first Bitcoin exchange to have trading price and volume displayed on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit, and is a partner in the first cryptocurrency bank. Kraken is trusted by tens of thousands of traders, the Tokyo government’s court-appointed trustee, and Germany’s BaFin regulated Fidor Bank.
Today, Kraken is trusted by government officials in Japan and regulated banks throughout Europe, making it one of the most respected exchanges available.
Customers can use Google’s 2FA application to sign in and make security adjustments to their account.
Cryptographically verified evidence of reserves. We know that the operators actually hold the money that clients have deposited. 85% of funds are held off-line in cold storage. Which implies that if their server was compromised, off-line funds would still be safe.
Kraken was chosen as the most favorable platform to facilitate payments to creditors, so it’d to up its game and put in place serious security measures. It had been the first company to come up along with a cryptographically-verified evidence of reserves, a security strategy it still boasts to date.