Kraken Launches New Desktop Trading App, Expands Product Portfolio Amid Challenges

Kraken, a leading cryptocurrency exchange, has launched a new desktop trading app for active traders. Users can monitor multiple live market feeds through a

Kraken has launched a new desktop trading app for active traders, offering advanced features and continuing the legacy of Cryptowatch. The app provides access to all Kraken spot and futures markets.

Kraken, a major cryptocurrency exchange, has unveiled Kraken Desktop, a new desktop trading application designed for active traders. The app offers real-time monitoring of multiple markets, a customizable interface, and proprietary charting and technical analysis tools.

Following a successful private beta phase, Kraken Desktop is now available to the public. The launch marks a significant upgrade from Cryptowatch, Kraken’s previous charting and trading terminal, which was discontinued in July 2023.

Kraken Desktop users can access all of Kraken's spot and futures markets, as well as a range of tools and functionalities designed to provide the most comprehensive crypto trading experience.

The new app builds on Cryptowatch's legacy, enhancing trading with advanced features. Kraken, led by co-CEO David Ripley, has catered to the needs of active traders worldwide for over a decade. By integrating more functionality and performance into their trading experience, Kraken continues to expand its product offerings.

“For more than a decade, Kraken has served active traders around the world by working tirelessly to offer some of the best trading, charting and analytical tools available in crypto,” said Ripley.

Rust Tech Stack for Low-Latency Trading

The application is built on a Rust-native tech stack, ensuring responsiveness and reliability. Available on Windows, Mac, and Linux, the Rust design facilitates a low-latency trading experience.

This efficiency allows traders to respond to market fluctuations in real time while using less memory, ultimately enhancing performance.

Kraken Desktop is optimized for efficient trade execution and supports multi-window setups, enabling traders to handle multiple tasks simultaneously. Among its key features are ladder trading for setting multiple limit orders and auto-join order shortcuts, which facilitate smart two-sided order placements. These tools help traders capitalize on shifting market conditions.

“This new application is especially relevant for our active traders, who play a critical role in providing the crypto market with liquidity and facilitating price discovery,” said Clark Moody, Kraken Desktop Senior Engineering Manager.

“Kraken Desktop provides the powerful tools they need to elevate their trading experience and engagement in the crypto market.”

Kraken Continues to Expand Product Portfolio

Kraken has recently been expanding its crypto offerings, launching Kraken Desktop among several new products in the market. The company introduced its wrapped bitcoin alternative, kBTC, on Ethereum and OP Mainnet. Another major release set for early 2025 will see Kraken launching Ink, an Ethereum Layer 2 solution crafted with the OP Stack. Each new initiative highlights Kraken's drive to diversify and strengthen its presence in the rapidly evolving crypto space.

Internally, Kraken is facing some challenges. A recent round of layoffs, confirmed by a representative on October 31, 2024, also saw the appointment of Arjun Sethi as co-CEO, working alongside David Ripley to drive growth. Despite these hurdles, Kraken continues to prioritize innovation in a bid to maintain its leading position within the competitive cryptocurrency exchange industry.