Kraken Latest News
As far as cryptocurrency exchanges go, Kraken has withstood the test of time. Founded in 2011, just a couple of years after the first Bitcoin block was mined, Kraken officially opened its doors to traders in 2013. It’s worth noting that even in the early days of crypto, Kraken was already committed to rigorous internal testing and safety standards, having kept its exchange in a closed beta for two years before launching.
Jesse Powell, Kraken’s founder, had already stood at the helm of several internet tech and gaming companies before becoming inspired by Mt. Gox to found his own exchange. Powell’s theory at the time, which was proven correct in hindsight, was that if Mt. Gox were ever to be hacked, traders would need another place to call home. Surely enough, Mt. Gox went down in a flaming wreck after being hacked for over $300 million. Kraken, however, still stands and is stronger than ever.
When the crypto market starts to go berserk, new traders flood into the market. These traders quickly find that the 24/7 nature of crypto makes it nearly impossible to keep up.
Although the first few weeks will be exciting, soon traders will be pulling out their hair trying to stay awake for the big break out.
In this study, we will be backtesting rebalancing strategies across a variety of different cryptocurrency exchanges and comparing the results. The intention is to create the most reliable guide on how executing trades, and more specifically rebalances, can impact performance from exchange to exchange.
While CoinMarketCap calculates the trading volume for an exchange over the last 24 hours, how can you calculate the number of trades an exchange is processing? Read more to find out!
With our primary focus on the US market, it only feels right to bring into the mix one of the first crypto exchanges. Founded in 2011, Kraken is nearly as old as the Bitcoin market itself.
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