Setting a new standard for trading experience, Kraken has unveiled its latest addition,Kraken Reveals 2024s Premier Desktop Trading App. Built specifically for traders who trade often, this high-powered desktop app claims to deliver a comprehensive set of new tools that will improve the efficiency, analysis, and execution during trading following on from Cryptowatch (Kraken’s previous charting and trading terminal), which was sunset at end-2023. This new app is one stop in Kraken’s exciting roadmap to make sure users around the world can achieve an optimal trading environment.
Above Cryptowatch: The New Kraken Desktop
After more than a decade, Kraken has consistently evolved to meet the increasingly complex needs of traders and remain at the forefront of investing. This is all reinforced through the launch of Kraken Desktop, a direct reflection to ensure you have constant access no matter where, when, and how (as long as it’s from Earth) that gives you your full on-chain line-up between spot and future market. Kraken Desktop features advanced charting and technical analysis tools in addition to low-latency trading powered by a Rust-native tech stack optimised for high-performance trading across Windows, Mac, and Linux. This update is not just a feature rollout but a continuation of our relentless pursuit of enhancing the overall trading experience.
Modern Trading Features
Kraken Desktop is designed for heavyweight, multi-market watching. With its configurable multi-window layout, users can execute trades with fewer clicks needed in case of a volatile market. It offers a wide range of trading methods, such as ladder, which allows traders to place multiple limit orders and auto-join order shortcuts for two-sided trades. The app is designed with minimal memory usage and maximum responsiveness to fluidly allow the trader(s) to react perfectly well on time to any changes in price as soon as it happens.
The app is a necessity for active traders: LPs need to be able to provide liquidity, and price discovery has all but stopped without them. Clark Moody stated,
“Active traders are a critical part of the crypto ecosystem. Kraken Desktop provides them with the tools they require that enable higher levels of engagement and thereby performance in the marketplace.
Rolling Out New Products in the Face of Internal Challenges
Besides the Kraken Desktop app, there will be new product launches in order to create their own ecosystem from end-to-end. kBTC (wrapped Bitcoin on Ethereum): For users that would like to access bitcoin across multiple networks It will also release its Ethereum Layer 2 solution, called Ink (Powered by the OP Stack), in early 2025. The moves, made shortly after layoffs and an internal co-leadership transition, took place earlier than normal for this year, as we covered here, highlighting that Kraken continues to push forth with innovation.
Kraken Layoffs: Kraken Confirms the Round of Layoffs for October 31, 2024, as a part of its move ahead towards more focus on core product development and operational efficiency. Additionally, at the helm of Kraken’s next chapter as co-CEOs are David Ripley and newly announced Arjun Sethi. With all of these struggles, Kraken Long Interchange continued its quest to develop best-in-class products and gain a head start in the crypto market.
A New Direction for Crypto Exchanges
Kraken’s ambitions to revolutionise the trading experience are further illustrated by the launch of Kraken Desktop and its growing list of crypto products. In a rapidly changing space, Kraken’s dedication to delivering tools and market innovation on behalf of traders is a significant milestone. Kraken Desktop not only reinforces that emphasis on customer experience (hopefully making existing customers happy), but also sets out to bring a new generation of high-performance, user-focused traders into the market.
As we head into an age that requires quicker evolution, Kraken Desktop is the next step for digital trading a flexible and liquid suite of products designed to be ready whenever you are. With the most advanced trading tools and also new products like kBTC or Ink in tow, Kraken is demonstrating its commitment to building a strong, evolutionary environment for you crypto traders worldwide.
