While Other Companies are Downsizing, Kraken is Hiring

Over the years, cryptocurrencies have gained immense popularity amongst traders, investors, and other participants in the crypto marketplaces. It is why various companies, both old and new, are adding to the existing digital currencies with native ones of their own. So, if you are planning to trade or mine Bitcoin, then you may visit

However, there should be a certain number of cryptocurrency exchanges or trading venues across the globe, too, to facilitate purchasing/selling/exchanging of these virtual currencies. They are the platforms that will permit smooth and safe transactions.

Every exchange requires intelligent and talented staff to handle all the daily deals. Therefore, they provide employment, too. However, the recent upheavals in the global crypto marketplaces are prompting large-scale downsizing of employees. In such a scenario, it is indeed surprising, that Kraken is going all out to hire new staff to add to the existing crowd!

All About the Kraken Exchange

Kraken is counted as one of the world’s largest digital currencies. It is headquartered in San Francisco, having been set up in 2011. However, it launched its trading operations only in 2013. Jesse Powell is the CEO. He is also the co-founder, of Payward Inc. Its functioning is

The Kraken exchange permits users to deal in Bitcoin (BTC, XBT), Ether (ETH), and different types of altcoins. These altcoins could be old or new. The new ones include Monero (XMR), and Electro-optical system (EOS), etc. The platform enables users to sell/purchase/exchange cryptocurrencies via the usage of different types of fiat currencies. These fiat currencies, include the Japanese Yen, U.S. dollars, Euros, Canadian dollars, etc.

Another feature is that the Kraken exchange allows the smooth and safe transfer of money from and to the linked bank accounts of users. It also permits the transfer of digital currencies from and to users’ digital wallets. The cryptocurrencies are stored in trading accounts linked to the Kraken exchange.

Kraken’s Rise to Fame

Kraken has become a favored trading destination for numerous investors across the globe, over the years. There are several reasons for people being attracted to this exchange.

  • Coinbase and Kraken cryptocurrency exchanges came together in 2014, to let Bloomberg terminal know about the market data related to Bitcoin trading. This association provided rich dividends, for Kraken acquired a great reputation amongst the trading community.
  • Thanks to Kraken, clients of Bloomberg acquired access to news, prices of digital currencies, posts about cryptos on social media, and charts displaying diverse types of information, via Bloomberg terminals and services.
  • Thereafter, the exchange struck up a partnership with Trading View, the well-known provider of charts across the world. This enabled Kraken to add more virtual currencies to its platform. An example was lumen. It also became possible for users to fund and trade in diverse fiat currencies, such as JPY, USD, GBP, etc.
  • A special investigation was launched in 2014, of which Kraken became an important member. There were missing Bitcoins. There was also a question mark regarding the distribution of leftover assets to creditors at Mt. Gox, the largest Bitcoin exchange. The investigation revealed that 850,000 Bitcoins were lost. Thus, Mt. Gox became bankrupt.
  • Kraken had always been cautious in its operations. Furthermore, it revealed a sincere adherence to regulatory compliance. Therefore, it had become a part of the investigation. Those, who desired to get back their lost Bitcoins, could do so, only after opening accounts at the Kraken exchange. Even after getting back their coins, these investors continued to remain members of the Kraken exchange. In turn, the exchange’s trading volumes increased.
  • Finally, there were all the innovative features on display. They included dark pool services, margin trading facility, automated strategy trading, etc. The exchange also offers diverse types of accounts, suitable for different types of investors and traders.

Kraken’s Plans to Hire New Staff

The company is keen to fill 500+ positions, scattered across diverse departments. It believes that when the crypto markets go through a bearish run, it becomes possible to distinguish true believers in Kraken’s mission from those, who are only interested in hype. These believers were keen to promote financial inclusion to people across the globe. They were not eager to pay attention to insignificant issues. After all, Kraken’s policies might not work for work activists but were sure to satisfy the rest of the world.


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