Join Our Mailing List
Monday January 30, 2023
Bitcoin (BTC) $23,772.37   Ethereum (ETH) $1,644.65
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

Bitcoin exchange Kraken getting major systems update this week

Published by CryptoNinjas.net
12/18/2017
Kraken bitcoin exchange getting major systems update

San Francisco-based Kraken, a long-standing digital asset exchange will this week provide a major systems update in order to meet the demand and load on its servers. With the increase in bitcoin prices came elevated trading which has put a strain on systems.

This has been the case for other exchanges as well including companies such as BitMEX, Coinbase, Gemini Exchange, and countless others. Earlier this year the company even delisted certain assets and sharpened the quotes on its system in order to reduce system load.

So starting this week Kraken gladly informed they will be rolling out a major systems upgrade which should resolve such issues such as scaling and load. The upgrade is long overdue stated Kraken, but has been mainly delayed by the distraction of resources toward the endless spur of the moment efforts required to deal with the heavy load of transactions on its system.

The company said:

“The recent, unexpected explosion in demand has been overwhelming. Each of the past few days has produced 50,000 new account registrations and 10,000 new support tickets — an order of magnitude above where we were just last quarter.  Concurrent users, daily trades, and volumes are also hitting new all-time highs. We are struggling to keep up. Kraken.com performance is extremely degraded and unreliable. Clients can expect severe latency and difficulty interacting with all web and API services. Requests will frequently timeout and fail. At the moment, the only solution is to wait and try again later.”

The team also cautioned current users that there is currently no phone support with several reports of phishing attempts through fraudulent Kraken support phone numbers advertised on the Internet. As always, Kraken will never ask users for passwords nor will ever ask to install any software.

UPDATE: 12/23 – Regarding progress on the upgrade work being undertaken to enhance exchange performance, the Kraken team announced the following:

“We have made significant progress in the last week with the system upgrades and have realized moderate improvement in performance. Unfortunately, we were not able to complete all of the upgrades and the most impactful measures are yet to come. For the time being, systems should still be considered degraded and unreliable. Our team is working through the weekend and holidays to accelerate our timeline. We’ll give you another update toward the end of next week.”

“Thank you for your patience and happy holidays!”

172
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT....

Read more

Crypto exchange Kraken acquires crypto staking platform Staked

12/21/2021
Crypto exchange Kraken acquires crypto staking platform Staked

Kraken, a popular crypto exchange and blockchain asset platform, today announced it has acquired Staked for an undisclosed sum. Staked is a non-custodial staking platform that enables investors in Proof-of-Stake networks to compound their...

Read more

Crypto exchange Kraken unveils Kusama Parachain Auction Platform

06/08/2021
Crypto exchange Kraken unveils Kusama Parachain Auction Platform

Kraken, a popular bitcoin and cryptocurrency exchange company, today announced it will support Parachain Auctions in time for the first rounds taking place on Kusama, the “canary network” for Polkadot. Clients, excluding those in...

Read more

Crypto exchange company Kraken launches venture fund

02/11/2021
Crypto exchange company Kraken launches venture fund

Kraken, a popular bitcoin and crypto exchange company, today announced it is supporting the launch of a new independent initiative called Kraken Ventures to actively invest in crypto and fintech startups. With an operational...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy