Going Global: Kraken’s 2020 Year in Review

2020 proved a wild year for digital asset investors as prices swung from steep lows to all-time highs, but Kraken navigated a steady course and continued to shepherd industry growth.

As you prepare for the year ahead (one our VIP clients think will bring no shortage of opportunities), we’d like to revisit our major milestones.

Global Expansion

There is a paradigm shift underway in the financial ecosystem. The way we transact and interact with money is changing. Access to the financial system is being democratized and new participants are entering the marketplace.

In response, Kraken is serving to meet the needs of everyone worldwide, and some examples of that include our launch in both Japan and Australia (bringing the number of countries we service to 190), as well as our addition of new fiat onramps.

Perhaps one of the most exciting developments was when we earned a banking charter in the state of Wyoming. Expect several important updates next year as we build out the world’s first digital asset bank and revolutionize the financial services industry.

Giving Back

Growth in the digital asset industry doesn’t start or end with Kraken. We recognize the work of blockchain developers often goes unheralded and that far too many great projects do not get the funding they need.

We are on a mission to change that and so awarded over $500,000 in grants in 2020 – including to top projects like Brink, BTCPay and Gitcoin – while providing full-time employment to several developers.

Next year, we plan to exceed those totals and will continue investing in the incredible efforts that are driving these new technologies.

Keeping Pace

Let’s be honest – the world of cryptocurrency moves fast, and it can be a full-time job just to keep up with the pace of change.

Among the many developments this year, we think our Ethereum 2.0 staking service and new Lightning Network team will bring the benefits of industry innovation to our clients in 2021, sometimes in ways…

Read More