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Renowned exchange Kraken is grappling with issues with its crypto funding gateway, including BTC, ETH and ERC-20, as users experienced delays in deposits and withdrawals.
Kraken notified users on its status page that the Kraken Futures platform will be unavailable for approximately 10 minutes on June 6, 2023 at 10:30 UTC. So, uServers cannot perform financial transactions on the exchange within the specified period.
Updates users of payment delays
Kraken informed users Site maintenance with a post-period only after the platform is back online and necessary checks have been completed. Specifically, the Help Center with the new features will be unavailable between 11:00 and 13:00 UTC on June 7th.
Related Reading: Bitcoin’s Current State Is Sensitive, Glassnode Explains Why
Also, customers using chat and support will deal with a potential service interruption of 60 minutes during this maintenance period. However, despite the downtime, the Kraken exchange has achieved some notable milestones over the past few weeks. The recently announced upgrade to Crypto Gateway will bring additional features to users on the exchange.
BTC tanks on the chart l BTCUSDT on TradingView.com
Kraken Earns Newsweek Top 100 Global Most Favorite Workplaces
one in blog post On May 31, 2023, Kraken announced that it had reached rank 16. Newsweek’s Top 100 Global Most Loved Workplaces List, Notably, they were the only crypto company to feature in the list, which the company claims shows their focus on prioritizing the well-being of employees.
The Newsweek rankings are generated from survey results of more than 2 million employees across a variety of companies of varying sizes and industries. According to Kraken’s chief public officer Pranesh AntpurKrakenites value autonomy and flexibility in exchange.
Related Reading: Ethereum Top 10 Whales Now Hold 31.8M ETH, A New All-time High
He added that Kraken is proud to share with the world that their unique company culture helps Krakenites love and excel at what they do.
Also, Antapur said that they provide opportunities to the employees, for career developmentLearning and health benefits, such as 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 since the FTX crisis in 2022. However, the Kraken assured its users Continued commitment to grassroots research on security.
kraken did it SOC 2, Type 1 Compliance Test Declared on May 23, 2023. SOC 2, Type 1 is an independent third-party auditor’s exam that focuses on the security and availability of systems and data in an organization.
This audit ensures that the exchange takes necessary steps to protect user data and funds. The American Institute of Certified Public Accountants (AICPA) has set this compliance standard.
AICPA’s Trust Services Criteria The five categories are security, availability, processing integrity, confidentiality and privacy. Meeting SOC 2 means that Kraken is in compliance with top financials; Security measures and controls.
Featured image from Pixabay and Chart from TradingView.com
