Renowned exchange Kraken has been struggling with its crypto funding gateways, including BTC, ETH, and ERC-20, as users experienced delays in deposits and withdrawals.
On their status page, Kraken informed users that the Kraken Futures platform would be unavailable for approximately 10 minutes on June 6, 2023 at 10:30 UTC. As such, youservers cannot carry out financial transactions on the stock exchange within the set period.
Updates users of payment arrears
creak informed users of site maintenance with a post-only period once the platform is back online and necessary checks are completed. The support center with new features will be intermittently unavailable on June 7 between 11:00 AM and 1:00 PM UTC.
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Also, customers using chat and support during this maintenance period will experience a likely 60-minute service interruption. However, despite the downtime, the Kraken exchange has achieved some notable milestones in recent weeks. The recently announced upgrade on crypto gateways will bring additional features to users on the exchange.
BTC tanks on the chart l BTCUSDT on TradingView.com
Kraken Reaches Newsweek Top 100 Global Most Loved Workplace Milestone
In a blog post on May 31, 2023, Kraken announced that it would be number 16 in Newsweek’s Top 100 Global List of Most Loved Workplaces. Notably, they were the only crypto company on the list, which the company says is consistent with their focus on prioritizing employee well-being.
Newsweek rankings come from survey results of more than 2 million employees across a variety of companies and industries of varying sizes. So says Kraken’s Chief People Officer Pranesh AnthapurKrakenites value autonomy and flexibility in the exchange.
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He stated that Kraken is proud to tell the world that their unique corporate culture helps Krakenites love and excel at their jobs.
Anthapur also stated that they provide employees with opportunities for career growthlearning and health benefits, such as an in-house fitness plan and health awareness.
Kraken completes SOC 2 Type 1 supporting custody and financing services
Crypto exchanges are under heavy regulatory pressure after the 2022 FTX crisis. However, Kraken assured its users of continued commitment to groundbreaking research in the field of security.
Kraken completed his SOC 2, conformance test type 1 announced May 23, 2023. The SOC 2, Type 1 is an investigation by an independent third party auditor, focused on the security and availability of systems and data in an organization.
This audit ensures that an exchange takes the necessary steps to protect users’ data and funds. The American Institute of Certified Public Accountants (AICPA) has established this compliance standard.
The AICPA’s criteria for trust services has five categories: security, availability, processing integrity, confidentiality, and privacy. Completing SOC 2 means Kraken meets the highest financial; security measures and controls.
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