How Kraken looks today
Centralized (CEX). Country United States. Established 2011. Trust rank 7. Reported 24h volume 12141.51 BTC.
Coverage: 1393 active pairs across 643 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 76.6%. Key pairs include USDT/USD, BTC/USD, USDT/EUR, ETH/USD. Leading pair USDT/USD. Median spread on leading markets 0.02%.
What the key metrics mean
Volume mix: USD is the largest tracked quote currency at about 69.7% of measured flow. Data scope: 100 tickers observed, with spread readings on 100 markets. Trust rank is a comparative marker across venues, while 24h BTC volume gives a practical sense of recent turnover. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration shows whether turnover is clustered in a small set of pairs or spread across the book. Median spread represents the typical bid ask gap on leading markets and often aligns with day to day execution cost. A broad pair list usually improves routing flexibility, but pricing quality still depends on where volume concentrates. Tight spreads on the leaders generally support cleaner fills, especially when depth remains stable. A good read is to pair these metrics with the top pairs panel and the volume chart to un.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy