Kraken Admits “Degraded and Unreliable Performance”, Commits to Major Update

[kreslik.news]

Just as trading in Bitcoin futures is starting next week on the CME, one of the bigger crypto exchanges, Kraken, has announced that it is preparing a major upgrade to its systems. The company has been going through some tough times recently with the performance of the exchange being highly criticised by users.

In an apologetic post on its website, Kraken has highlighted that its recent troubles are caused primarily by continually increasing demand. The exchange states that it has seen a sharp spike higher in the number of users that use its services.

The company acknowledges that it was overwhelmed by ... (read more)