CEO Dave Ripley on empowering the subsequent billion crypto customers « Kraken Weblog


Twelve years in the past, we started our pioneering mission to turn into one of many first and most profitable digital asset exchanges. We began by buying and selling solely 4 cryptocurrencies, however now assist over 220 property on 67 blockchains – and over 700 markets. We’ve been on the forefront of the crypto revolution since 2011.

As one of many longest-lived crypto exchanges on the earth, Kraken’s twelfth anniversary is a celebration of consistency amid large but risky progress. It’s a time to replicate on the significance of bearing down and specializing in fundamentals, day in and day trip – particularly when panic is the prevailing market sentiment, because it was for a lot of 2022.

Fidelity is the important thing to longevity. That is no secret – in crypto or wherever else. Good sequential choices yield constructive outcomes. Making these choices for 12 years operating – no matter whether or not bitcoin was buying and selling for $13.94 (because it was the day Kraken was based) or $68,789.63 (because it was in 2021) – constructed a tradition that’s resilient and obsessively targeted on our mission.

It’s one cause Kraken was not too long ago named the sixteenth most beloved office on the earth. It’s why we’re stronger now than we had been a yr in the past. Since then:

  • We launched the Kraken NFT Market, with highly effective options and capabilities created with newer collectors in thoughts – encouraging the subsequent wave of contributors to find all the pieces NFTs have to supply in a enjoyable, secure and zero-gas-fee NFT buying and selling setting.
  • We “emerged as an oasis of progress in 2023,” enhancing upon our market-leading liquidity as the one crypto buying and selling platform within the U.S. to extend its market depth on a year-to-date foundation as of June 28, 2023.

Wanting forward

Extra persons are utilizing crypto daily – to ship cash to household overseas, to obtain and make microloans, to fight hyperinflation. The advantages and utility of cryptocurrency have gotten extra evident to extra individuals on a regular basis.

Crypto removes costly intermediaries. Folks use crypto in repressive regimes the place fiat forex is tough to entry or quickly shedding worth. Funds settle on-chain, rapidly and with decreased threat. Transaction charges – particularly excessive in conventional finance for cross-border transactions – are slashed.

Our mission is to speed up the adoption of cryptocurrency so that everybody can obtain monetary freedom and inclusion. We imagine all the pieces might be improved, together with cash. Crypto is what cash can be, and we’re proud to play our half in its bigger ecosystem, supporting the neighborhood that can empower the subsequent billion crypto customers.

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