Kraken upgrade delayed due to technical issues

Kraken cryptocurrency exchange promised to undergo a system upgrade on January 6, but currently it is being delayed due to technical issue of the system
07 January 2018   806

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”.

Initially, Kraken stated that a system upgrade would be performed on January 6 at approximately 22:00 UTC (2 pm PT).

Kraken services will be offline for about 2 hours during the upgrade, possibly longer. Withdrawals in all currencies will be offline for an additional 2-3 hours after other systems come online. If you submit a withdrawal request while withdrawals are offline, the withdrawal will be sent after withdrawals come online again.
 

Kraken Exchange Status

Later, the messages started to appear on the Kraken Status page claiming that the upgrade would be delayed for a few more hours.

Kraken status towards system upgradeKraken Status towards system upgrade

On January 7 at 9 o'clock UTC Kraken Exchange reported that the upgrade is still being delayed due to the technical issues, and is currently presumably scheduled for Jan 7, 20:00 - 22:00 UTC.

Kraken to Launch Over The Counter Trading Platform

The minimum threshold of the new trading platform is $ 100,000
18 September 2018   192

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.