Cryptocurrencies and non-fungible tokens (NFTs) that Kraken supports are available to buy and sell on the spot trading exchange. The platform also offers margin trading, staking and custodial services.

Kraken supported assets have a reputation as one of the safest cryptocurrency exchanges, which stems partly from its co-founder Jesse Pollack’s work helping to recover funds from the Mt Gox hack in 2014. It is known for its security features, 24/7 customer support, digital wallets and custodial services.

What Can You Trade on Kraken? Supported Assets List

Kraken is a centralized platform, which means it controls access to your account and can freeze withdrawals or close your account if it suspects any suspicious or prohibited activity. As a result, it may take longer for your withdraws to appear in your bank account.

Staking with Kraken offers a wider range of on-chain yield opportunities than centralized platforms like Coinbase and Binance, but also comes with risks. The risk is that your staking assets could be subject to a slashing mechanism, which involves cutting the yield of staking tokens in order to enforce protocol validation rules. In addition, centralized staking platforms charge a commission on staking yields, which reduces your overall earnings.

The best way to minimize your exposure is to use a liquid staking token on a network that doesn’t have a slashing mechanism, such as Lido stETH or Solana. Another option is to use the new staking aggregator on the Best Wallet app, which gives you direct access to a wide variety of liquid staking tokens that can be used on many different protocols.