Crypto exchange Kraken has officially launched Kraken Desktop, a new trading application aimed at active cryptocurrency traders.
Crypto exchange Kraken has officially launched Kraken Desktop, a new trading application aimed at active cryptocurrency traders.
Inspired by the now-discontinued Cryptowatch tool, the application offers a fully customizable interface that enables users to track multiple live market feeds and utilize various proprietary charting and technical analysis tools.
Kraken Desktop is designed to provide comprehensive access to all of Kraken’s spot and futures markets. The application follows a successful private beta phase and is built on a Rust-native tech stack, which enhances responsiveness and reliability.
The use of Rust aims to deliver a low-latency trading experience, allowing traders to react quickly to market fluctuations while consuming less memory.
In addition to a multi-window support feature, Kraken Desktop introduces advanced functionalities such as ladder trading for setting multiple limit orders and auto-join order shortcuts for efficient order placement.
This focus on enhancing tools for active traders comes as Kraken seeks to address the needs of this specific user base which plays a crucial role in providing liquidity and price discovery in the crypto market.
Kraken has been expanding its product offerings recently, including the launch of kBTC, a wrapped Bitcoin alternative, and plans for its Ethereum layer-2 solution, Ink, set to debut in early 2025.
Despite these developments, the company has faced challenges, including another round of layoffs and a leadership change with Arjun Sethi appointed as co-CEO alongside David Ripley.
The launch of Kraken Desktop represents a strategic move to elevate the trading experience for active users, particularly after the discontinuation of Cryptowatch, which had garnered a loyal following before its sunset in July 2023.
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