Kraken is a prominent cryptocurrency exchange platform founded in 2011 by Jesse Powell. Headquartered in San Francisco, California, Kraken is one of the oldest and most respected exchanges in the cryptocurrency industry, known for its robust security measures, wide range of supported cryptocurrencies, and comprehensive trading features. As a leading cryptocurrency exchange, Kraken offers a variety of services to its users, including spot trading, futures trading, margin trading, and staking. The platform supports a diverse selection of cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, Litecoin, and many others, as well as fiat currency trading pairs such as USD, EUR, and JPY. Kraken is renowned for its commitment to security and compliance, implementing industry-leading security measures to protect users' funds and data. The exchange employs advanced encryption techniques, two-factor authentication, and cold storage for the majority of its users' assets, ensuring the highest level of protection against hacking and unauthorized access. In addition to its focus on security, Kraken is also known for its user-friendly interface and robust trading features. The platform offers a variety of order types, including market orders, limit orders, and stop orders, as well as advanced charting tools and trading analytics to assist users in making informed trading decisions. Kraken has also expanded its services to include cryptocurrency staking, allowing users to earn rewards by holding certain cryptocurrencies in their Kraken accounts. Additionally, the exchange offers a range of educational resources, tutorials, and customer support options to assist users in navigating the world of cryptocurrency trading. Overall, Kraken is a reputable and reliable cryptocurrency exchange platform trusted by millions of users worldwide. With its focus on security, compliance, and user experience, Kraken continues to play a significant role in shaping the future of cryptocurrency trading and adoption.
The CEO of cryptocurrency exchange Kraken Jesse Powell believes that US regulators may try to "repress" the digital asset industry. In an interview on CNBC, Powell said that the growth of the cryptocurrency market is attracting a lot of attention, including from regulators.
Researchers at the Kraken cryptocurrency exchange believe that part of the inheritance received by the millennials and generation X will be invested in Bitcoin and this will bring its rate to $ 350,000 by 2044.
In the report "Inheriting USDs & Acquiring BTCs: How 'The Great Wealth Transfer' Will Fuel 'The Great Bitcoin Adoption,'" analysts note that at the moment, young representatives of wealthy families in America alone can inherit about $ 70 trillion. If they allocate at least 5% of the inheritance received, then more than $ 971 billion will be invested in Bitcoin.
Jesse Powell, general director of the Kraken cryptocurrency exchange, is extremely optimistic about the further increase in the price of Bitcoin.
"When I hear people talking about a Bitcoin "correction" I'm thinking $100k, maybe $1m. That's what's correct," he writes on his Twitter account.