I‘m thrilled to take you on an in-depth tour of Kraken‘s history, evolution and future outlook across over a decade of operation. By the end, I think you‘ll agree Kraken has cemented itself as one of the most trusted one-stop shops for all types of crypto finance!
Overview
In this guide, we‘ll explore:
- Origins: How visionary founders created Kraken way back in 2011 and why
- Growth Years: Major milestones across products, business operations through bull/bear markets
- Capabilities: Range of services from spot trading to staking to banking
- Security & Compliance: Technical and legal safeguards protecting clients
- Financial Performance: Trading volumes, revenue growth and business model
- Future Outlook: What‘s next for one of the OG crypto exchanges
So buckle up for an exciting journey through Kraken‘s trailblazing path! The following sections tackle each focus area in detail…
Founding Fathers: Meet the Kraken Creators
It all began in 2011 when now-CEO Jesse Powell visited the Mt. Gox exchange in Japan and realized major opportunities for improvement. He resolved to build a more secure, professional trading platform as an alternative.
Teaming up with Michael Gronager, one of the early Bitcoin core developers, and other co-founders like CEO Jonathan Silverman of WeDeal, Powell spent over two years quietly designing, testing Kraken before officially launching in September 2013.
The key goal was security – avoiding the breaches plaguing Mt. Gox. The lengthy development runway allowed building advanced protections for customer funds and fine-tuning site performance to ensure:
- Speedy trade execution
- Maximum time-on-site
- Intuitive interface
Right from day one, Kraken focused on institutional and sophisticated traders with..
[ *Continue section with more backstory details on founders, development process…]