Number of Kraken Users Increases x5

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Kraken’s share of the US crypto market has more than doubled in 18 months due to the bankruptcy of FTX in November and lawsuits against Binance and Coinbase in July 2023.

Furthermore, the number of users of the exchange’s mobile application has increased over five-fold, leading to increased popularity of Kraken both domestically and internationally.

In the Eurozone, Kraken now carries out up to 50% of digital currency transactions, which is a marked increase from 35% last year.

Shannon Kurtas, a representative of the company’s top management, attributed this expansion in industry share and platform users to the reliability of the service and its accessibility.