Kraken Exchange experiences delays in deposits and withdrawals due to gateway issues.
The well-known cryptocurrency exchange Kraken is currently experiencing issues with its crypto funding gateways, including BTC, ETH, and ERC-20. This has caused delays in deposits and withdrawals for users.
Kraken has informed users on their status page that the Kraken Futures platform will be unavailable for approximately ten minutes on June 6, 2023, at 10:30 UTC. During this time, users will be unable to carry out financial transactions on the exchange.
Updates Users Of Payment Delays
Kraken has informed users of site maintenance with a post-only period once the platform is back online and the necessary checks are complete. The Support Center with new features will be unavailable at intervals on June 7 between 11:00 and 13:00 UTC.
Additionally, customers using chat and support may experience a service disruption of up to 60 minutes during this maintenance period. Despite the downtime, Kraken has achieved some notable milestones in the past few weeks. The recently announced upgrade on crypto gateways will bring additional features for users on the exchange.
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BTC tanks on the chart l BTCUSDT on TradingView.comKraken Attains Newsweek Top 100 Global Most Loved Workplace Milestone
In a blog post on May 31, 2023, Kraken announced that it had achieved number 16 in Newsweek’s Top 100 Global Most Loved Workplaces List. Kraken was the only cryptocurrency company to feature on the list, which the company claims is in line with their focus on prioritizing employee well-being.
The Newsweek rankings are based on survey results from over 2 million employees in various companies and industries of different sizes. According to Kraken’s Chief People Officer, Pranesh Anthapur, Kraken employees value autonomy and flexibility in the workplace.
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Anthapur stated that Kraken is proud to have a unique company culture that helps employees love their work and excel. He also mentioned that they provide employees with opportunities for career growth, learning, and health benefits, including an in-house fitness plan and health awareness.
Kraken Completes SOC 2 Type 1 Supporting Custody And Funding Services
Crypto exchanges have been under intense regulatory pressure following the FTX crisis in 2022. However, Kraken has assured its users of a continuous commitment to groundbreaking research on security.
Kraken completed its SOC 2, Type 1 compliance test, which was announced on May 23, 2023. SOC 2, Type 1 is an independent third-party auditor’s examination focused on the security and availability of systems and data in an organization.
This audit ensures that an exchange employs the necessary steps to protect users’ data and funds. The American Institute of Certified Public Accountants (AICPA) set this compliance standard.
The AICPA’s Trust Services Criteria has five categories: security, availability, processing integrity, confidentiality, and privacy. Completing SOC 2 implies that Kraken complies with top financial security measures and controls.
Featured image from Pixabay and chart from TradingView.com
