![Kraken.png](file-guid:8842ade2-1c1f-43c2-9a2f-b88b3eea581c "Kraken.png" =350x)
Kraken **officially launched in September 2013**, offering bitcoin and euro exchange, as well as additional services such as margin trading. From the very beginning, the company emphasised the security and legal cleanliness of its operations, which allowed it to quickly gain the trust of users.
Kraken (legally named Payward, Inc.) is a United States–based cryptocurrency exchange, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and was valued at US$3 billion in January 2024.\[citation needed\] The company has been the subject of several regulatory investigations since 2018, and has agreed to cumulative fines of over $30 million.
