Kraken's long awaited upgrade postponed - #CryptoTrading

It is still happening soon™ guys!
Blog
     · [reports]  · Author: KarlVonBahnhof

Kraken’s main man Jesse Powell explained on Reddit in November 2017 he is aware of the problems with trading on Kraken - orders are not getting through, interface keeps crashing, good luck with limit orders or stop losses, and so on. That’s why Kraken has had job advertisements on Lever for a couple of months now, looking mainly for React JS developers to help with the upcoming engine upgrade planned for beginning of December.

What he also explained was deploying a big upgrade is difficult with the surge in cryptocurrency valuations, the boom of crypto trading and in short rapidly increasing demand. It seems the team got lost in patching, and then patching of patches - in short, the price for not thinking ahead.

Consequently we have mid December and trading on Kraken is still mostly suitable for those with suicidal tendencies.

New Kraken Upgrade Date

The new post on Kraken Exchange’s blog has a similar tone as Jesse’s post from November.

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.

The hopefully better part of the post sets the date of the deployment to the week starting 18 December 2017.

Next week we will be rolling out a major systems upgrade which should resolve these scaling and load issues. The upgrade is long overdue […]

Now, hopefully a meme of ‘waiting for OP to deliver’ will not be fitting here.

What is slightly more alarming is there have been some problems with fiat routes as well, although according to the blog nothing of the sorts of the cat-and-mouse game we know from Bitfinex.

Our fiat funding partners are also experiencing strain […] current delays are outside of the usual range, especially for domestic USD. Cryptocurrency funding remains unaffected.

Since trading on Kraken started being a pain the perfect availability of fiat routes has been the only reason to actually do business with Kraken. If the upgrade is a flop and fiat processing starts to be problematic there wouldn’t be much of a reason to be on Kraken at all.

Join the discussion on Reddit.



Posted in Reports
Tagged as  

 

Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
Huobi Token campaigns 4 weeks, 1st run started 12 Jan Huobi Token (HT) is a DeFi asset on the Huobi Ecological Chain (HECO). You can get a wallet address to receive the tokens in Huobi exchange. Huobi is giving out rewards for Twitter activity, blogging, YouTube content creation and Telegram activity. Rules on bitcointalk. rules
Bitfresh bounty program Started 10 Jan Bitfresh is giving out token for Twitter follow and retweets. The more followers you have, the more tokens you get. Full rules on bitcointalk. rules
Earn YoBit's YoDefi tokens Live YoBit set up their own defi project for liquidity on the exchange. The exchange pays out 777 YoDefi Tokens proportionally for all users every 10 mins. sign up
QUAI DAO Accelerator Bounty 4 Jan 2021 - 18 Feb 2021 The tokenized DEFI accelerator Quai Dao is running social media bounty. Tokens are distributed via Telegram bot for social media follows. sign up
Psyche.Cash Bounty Campaign Continues Ongoing The DEFI project Psyche.Cash runs a set of social media bounties. You get tokens for follow, comments, content creation or bitcointalk signatures. Sign up via bitcointalk. sign up
CUDOS Ranger Bounty - Callout for participants Dec 2020 The platform cudos.org is looking for ambassadors with social media presence for their new program. Chosen ambassadors will get to create educational content about crypto (defi, trading, mining, dev) and earn between $200-$1000 worth of tokens a month. link to google form
XRP Holders: get Flare airdrop on Bitfinex 12 Dec 2020 Bitfinex will support the distribution of Flare Networks’ upcoming airdrop of Spark (FLR) tokens for XRP holders. sign up
Staking without KYC on WhiteBit New! WhiteBit opened 17 different staking plans with 9 different currencies to choose from. 40% APR, available to the users without KYC. (Be mindful of risks) sign up
Opportunity: DeFi Tokens on reputable exchange with lower fees 14 days after listing The Aussie exchange Independent reserve is listing new DeFi tokens these days. For each of the new markets has the fee reduced to 0.1% for the first 2 weeks. Currently those markets are yearn.finance, Aave and Kyber Network Crystal. sign up
LATOKEN Earn Nov 2020 10+ new Telegram airdrops available on LATOKEN exchange under "Earn" in the top navigation bar. (SAND, UNO, BXT, PZS, L2L, BIOG, DGB, OAP...) If you sign up with the link here you get 50 USD fee credit. sign up
Opportunity: Trade DeFi Tokens with NO FEES 14 days after signup The token exchange WhiteBit gives you 14 days of zero-fee trading if you sign up with a shill link. No KYC until 2 BTC/day withdrawal limit, lots of new DeFi projects get listed there. sign up