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Crypto Exchange Kraken Warns Users of API and Site Connection Problems

Cryptocurrency exchange platform Kraken recently confirmed to users that the site was having issues with regards to connection and API. 

The San Francisco-based company tweeted that it received reports that clients were having difficulty connecting to the platform and that it was already looking into the issue. Kraken Support also assured its users that they will be kept updated on the situation as soon as there was new information available.

The company apologized for the inconvenience and told users to check for updates at status.kraken.com. 

Security is Not a Problem with Kraken

Security is one of the biggest issues when it comes to cryptocurrency-related projects. However, this has never been a problem with Kraken. 

The Exchange Security Report developed by the independent analysts over at ICORating awarded 16 percent of the largest crypto trading platforms around the world an A rating back in January. None of these platforms received an A+. 

Kraken received an A and was ranked as one of the three most secure crypto exchange firms worldwide. 

The US-based company has recently taken steps to expand its operations and welcomed Kevin Beardsley to the company in July. 

Bitcoin Futures

Beardsley used to work as the managing director of B2C2, an OTC trading platform. He has been tapped to become the head of development of Kraken’s latest operation – Bitcoin Futures. 

Kraken just secured its future operation early this year. The operation was formerly called Crypto Facilities and it will remain based in London. 

Kraken is reportedly set to compete with a wide range of future options for crypto. Several of these options are said to also be coming to trading platforms like Binance and Huobi.

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