Kraken Desktop builds on Cryptowatch’s legacy, enhancing trading with advanced features, and launches new initiatives like kBTC and Ink, amid internal challenges and leadership changes.
By Bena Ilyas
Edited by Julia Sakovich
Updated
3 mins read
Kraken, a leading cryptocurrency exchange, has launched a new desktop trading app for active traders. Users can monitor multiple live market feeds through a customizable interface enhanced with proprietary charting and technical analysis tools. The public debut of Kraken Desktop follows a successful private beta phase, emphasizing Kraken’s commitment to top-tier trading solutions.
The new app offers full access to all of Kraken’s spot and futures markets, incorporating tools and functionalities to provide the most comprehensive crypto trading experience. This launch marks a significant upgrade from Cryptowatch, Kraken’s previous charting and trading terminal, which was discontinued in July 2023.
Kraken Desktop builds on Cryptowatch’s legacy, enhancing trading with advanced features. Kraken, led by co-CEO David Ripley, has served active traders worldwide for over a decade. By elevating their trading experience with more functionality and performance, Kraken continues to expand its products and services.
“For more than a decade, Kraken has served active traders around the world by working tirelessly to offer some of the best trading, charting and analytical tools available in crypto,” said David Ripley.
The application uses a Rust-native tech stack, ensuring responsiveness and reliability. Available on Windows, Mac, and Linux, the Rust design allows for a low-latency trading experience. This efficiency enables traders to respond to market fluctuations in real time while using less memory, enhancing performance.
Kraken Desktop is optimized for trade execution and supports multi-window setups, making it easier for traders to manage multiple tasks simultaneously. Key features include ladder trading for setting multiple limit orders and auto-join order shortcuts, which facilitate smart two-sided order placements. These tools help traders capitalize on shifting market conditions.
Clark Moody, Kraken Desktop Senior Engineering Manager, emphasizes the importance of the new application for active traders. Active traders play a crucial role in providing the crypto market with liquidity and facilitating price discovery. Kraken Desktop provides the powerful tools needed to elevate their trading experience and engagement in the crypto market.
Kraken recently broadened its crypto offerings, launching Kraken Desktop and several new products in the market. The company introduced its wrapped bitcoin alternative, kBTC, on Ethereum and OP Mainnet. Another major release set for early 2025 will see Kraken launching Ink, an Ethereum Layer 2 solution crafted with the OP Stack. Each new initiative underscores Kraken’s drive to diversify and strengthen its presence in the rapidly evolving crypto space.
Internally, Kraken faces challenges. A recent round of layoffs, confirmed by a representative on October 31, 2024, coincided with Arjun Sethi’s appointment as co-CEO, working alongside David Ripley to drive growth. Despite hurdles, Kraken remains dedicated to innovation, pushing to hold its lead in the competitive cryptocurrency exchange industry.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.
