Kraken Resumes Withdrawals

The exchange went offline at 9 p.m. Pacific Time on Wednesday for maintenance that was initially scheduled to last two hours
15 January 2018   1204

Kraken, one of the largest cryptocurrency exchange, has resumed service after scheduled maintenance that was supposed to take two hours but instead took two days.

The exchange went offline at 9 p.m. Pacific Time on Wednesday for maintenance that was initially scheduled to last two hours, plus an additional two to three hours for withdrawals.

Kraken Closed

Kraken mentioned it’s working on "unexpected and delicate issues" and assured clients their funds were secure, adding that "Yes, this is our new record for downtime since we launched in 2013. No, we’re not proud of it."

With their return online, Kraken announced that unleveraged trading is free until the end of the month. The site has been functioning normally since going online, but trading was paused for several hours due to problems displaying order book data that have since been resolved.

Last few days the exchange was working to get withdrawals back online and yesterday Kraken announced that withdrawals are now enabled.

Kraken Withdrawals

Recently, we have reported that the Austrian exchange Bitpanda trading BTC, ETH, DASH, LTC, BCH has added Ripple cryptocurrency to the platform.

Kraken to Launch Over The Counter Trading Platform

The minimum threshold of the new trading platform is $ 100,000
18 September 2018   188

The Kraken cryptocurrency exchange has added the possibility of over-the-counter trade in digital assets. It is worth noting that the minimum threshold for trading operations on the new OTC-platform is $ 100 000.

As stated in the blog Kraken, OTC-platform will be available "for residents of all countries."

Kraken is excited to announce a major expansion to our OTC trading platform which will enhance the execution of large block trades for clients worldwide. We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders. 
 

Kraken Team

For trading on the site, 17 cryptocurrencies are available, including bitcoin, Ethereum, XRP, EOS, Litecoin, Monero, Dash and Zcash, as well as three fiat currencies: the US dollar, euro and yen.

The company's blog also says that the Kraken OTC team has nine professional traders from North America, Europe and Asia, ready to provide assistance to customers.

Members have a combined 100 years of trading experience working for major financial institutions such as JP Morgan, Credit Suisse, UBS, Morgan Stanley and Merrill Lynch. Kraken OTC sets itself above competitors by offering superb, hi-touch service at every step ranging from initial consultation and expert market insight, all the way through final settlement.
 

Kraken Team

Earlier, Kraken denied information about the massive dismissal of employees because of financial problems.