After Cryptowatch was discontinued in 2023, Kraken Desktop, a cutting-edge trading platform with advanced charting and technical analysis, is launched.
Kraken, a prominent cryptocurrency exchange, recently introduced a desktop trading application designed for active traders. A customizable interface equipped with proprietary charting and technical analysis tools enables users to monitor a variety of live market feeds. Kraken Desktop’s public debut follows a successful private beta phase, underscoring the company’s dedication to providing top-tier trading solutions.
The new app provides the most comprehensive crypto trading experience, incorporating tools and functionalities and providing full access to Kraken’s spot and futures markets. Kraken’s previous charting and trading terminal, Cryptowatch, was discontinued in July 2023, and this launch represents a substantial improvement.
Kraken Desktop Application Provides Advanced Functionality
Kraken Desktop extends Cryptowatch’s legacy by providing advanced features that improve trading. Kraken, which has been providing services to active traders worldwide for over a decade, is currently led by co-CEO David Ripley. Kraken’s products and services continue to be expanded by enhancing their trading experience with increased functionality and performance.
David Ripley stated, “Kraken has been providing active traders worldwide with some of the most exceptional trading, charting, and analytical tools available in the cryptocurrency industry for over a decade.”
The application guarantees responsiveness and dependability by employing a Rust-native technology stack. Rust’s design enables a low-latency trading experience and is compatible with Windows, Mac, and Linux. This efficiency allows traders to respond to real-time market fluctuations while utilizing less memory, thereby improving performance.
Traders can more easily manage multiple tasks simultaneously with Kraken Desktop, which is optimized for trade execution and supports multi-window setups. Key features include ladder trading, which allows for establishing multiple limit orders, and auto-join order shortcuts, which enable the placement of intelligent two-sided orders. These instruments would allow traders to capitalize on fluctuating market conditions.
Clark Moody, Kraken Desktop’s Senior Engineering Manager, underscores the significance of the new application for active traders. Active traders significantly influence the crypto market’s liquidity and price discovery. Kraken Desktop offers robust tools to enhance their trading experience and engagement in the crypto market.
In the face of obstacles, Kraken broadens its product line
Kraken has recently expanded its crypto offerings by introducing Kraken Desktop and various new products. The company introduced the wrapped bitcoin alternative, kBTC, on the Ethereum and OP Mainnet. Kraken will introduce Ink, an Ethereum Layer 2 solution that utilizes the OP Stack, in early 2025. This release is another significant milestone. Kraken’s commitment to diversification and the reinforcement of its position in the rapidly changing crypto industry is emphasized by each new initiative.
Kraken encounters obstacles on an internal level. A representative confirmed a recent round of layoffs on October 31, 2024, which coincided with Arjun Sethi’s appointment as co-CEO. Sethi will work alongside David Ripley to drive growth. Kraken is committed to innovation and strives to remain a competitive cryptocurrency exchange industry leader despite its obstacles.