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   590

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 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)