Why has Kraken disabled this feature for cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  Kraken has disabled this feature for cryptocurrency trading due to security concerns. They discovered a vulnerability that could potentially put user funds at risk. As a responsible exchange, they decided to disable the feature until the vulnerability is fixed and user funds are secure. This decision shows Kraken's commitment to protecting their users and maintaining a secure trading environment.
  399200
• Dec 16, 2021 · 3 years ago
  The disabled feature was causing technical issues and instability on the Kraken platform. It was affecting the overall performance and user experience. To ensure smooth and reliable trading, Kraken made the decision to temporarily disable the feature until they can resolve the technical issues. They are actively working on a solution and will reinstate the feature once it is stable and reliable.
  398133
• Dec 16, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange expert, Kraken disabled this feature to comply with regulatory requirements. They received guidance from regulatory authorities to temporarily suspend the feature until certain compliance measures are in place. This is a common practice in the industry to ensure exchanges operate within legal frameworks. Kraken is actively working on meeting the regulatory requirements and will enable the feature again once they are fully compliant.
  484121