Kraken is a crypto exchange based in San Francisco, California which claims to be the largest Bitcoin exchange in terms of volume and liquidity. The company was founded in 2011 by Jesse Powell and is now known for its low transaction fees, a wide range of features and high level of security.
The San Francisco-based Kraken is one of the largest Bitcoin exchanges nowadays. It is also considered the largest Bitcoin exchange based on the EUR volume, liquidity as well as the trading of Canadian dollars, US dollars, British pounds and Japanese yen.
What started as an attempt to create a place where people would send and receive Bitcoin in 2011 led to the first Bitcoin exchange which has a trading price and volume displayed in the Bloomberg Terminal. Kraken is also the first exchange which passed a cryptographically verifiable proof-of-reserves audit.