Kraken Exchange to launch System Upgrade

Kraken Exchange announced that the update on degraded service and the system upgrade will be implemented next week
15 December 2017   324

Kraken Exchange is well-known as a US based prominent Bitcoin exchange operating in Canada, the EU, Japan, and the US, and "the world's largest Bitcoin exchange in euro volume and liquidity".

On December 15 the Kraken Team has published an message in the official blog stating that the exchange is undergoing an unexpected explosion in demand and due to that Kraken.com performance has become "extremely degraded and unreliable". Those problems has brought the necessity of a system upgrade.

Kraken Enables Margin Trading After System Upgrade

Magin trading was disabled on Kraken exchange from January 13 due to the major system upgrade, and from January 25 Kraken re-enabled creation of new margin positions
26 January 2018   128

Kraken cryptocurrency exchange reported that the system upgrade was maintained successfully including a new and more scalable trade engine. After the system maintenace was finished, Kraken stated that it would re-enable the ability to open new long and short margin positions at 18:00 UTC on Thursday January 25 (10am PT).

  • All unleveraged trades will be charged zero fees until January 31, 2018 (UTC)
  • Margin position, open, and rollover fees are reduced to 0.005% until January 31, 2018 (UTC)