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Home Platforms Kraken vs Loopring

Compare Kraken vs Loopring

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Pros & Cons

tick One of the biggest crypto exchanges in the world
tick Large selection of supported cryptocurrencies
tick Very competitive maker and taker fees
tick Available in almost all countries
tick More reviews than Loopring (12,749 vs 3,838 reviews)
tick Been in business longer than Loopring (Founded 2011 vs 2018)
tick Interface supports English, French, Japanese, Turkish, Vietnamese, Portuguese-Portuguese, Spanish, Simplified Chinese, Russian, Italian and Filipino whereas Loopring doesn't
tick The platform is blockchain agnostic
tick Users have full controll over their assets
tick Users benefit platform’s revenue by staking LRC
tick $92,532,314 USD currently invested (TVL)
tick Higher average review rating than Kraken, but based on fewer reviews (98% vs 89%)
tick Higher rating for android phone app than Kraken (4.9 vs 4.1 stars)
tick Loopring is decentralised, but Kraken is not
tick Know your customer checks are required on Loopring but not on Kraken
Staking Rates
tick Kraken will pay interest on 12 crypto currency deposits not offered by Loopring:
Staking Rates
tick Loopring will pay interest on 17 crypto currency deposits not offered by Kraken:
DPI-ETH (DPI-ETH)
ETH-USDC (ETH-USDC)
ETH-USDT (ETH-USDT)
IMX-USDC (IMX-USDC)
LDO-ETH (LDO-ETH)
LINK-ETH (LINK-ETH)
LQTY-ETH (LQTY-ETH)
LRC-ETH (LRC-ETH)
LRC-USDC (LRC-USDC)
LRC-USDT (LRC-USDT)
LRC-WBTC (LRC-WBTC)
MANA-USDC (MANA-USDC)
MASK-LRC (MASK-LRC)
MATIC-ETH (MATIC-ETH)
SAND-USDC (SAND-USDC)
WBTC-ETH (WBTC-ETH)
WBTC-USDC (WBTC-USDC)
More ...
cross A bit complex for beginners
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
cross Slow development process
cross No support from a big incubator or investor
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Reviews

89% based on 12,749 reviews
98% based on 3,838 reviews
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Staking Rates

The table below compares the staking rates for Kraken and Loopring.
Crypto Currencies
ADA Cardano
5%
5%
ALGO Algorand
4.75%
4.75%
ATOM Cosmos
7.5%
7.5%
BTC Bitcoin
0.25%
0.25%
DOT Polkadot
12%
12%
ETH Ethereum
5.5%
5.5%
FLOW Flow
7.5%
7.5%
KAVA Kava
23%
23%
KSM Kusama
18%
18%
MINA Mina
16%
16%
SOL Solana
6.5%
6.5%
XTZ Tezos
4.7%
4.7%
Loading rates ...
Crypto Currencies
DPI-ETH DPI-ETH
0.53%
0.53%
ETH-USDC ETH-USDC
0.42%
0.42%
ETH-USDT ETH-USDT
2.93%
2.93%
IMX-USDC IMX-USDC
4.31%
4.31%
LDO-ETH LDO-ETH
1.56%
1.56%
LINK-ETH LINK-ETH
0.64%
0.64%
LQTY-ETH LQTY-ETH
1.84%
1.84%
LRC-ETH LRC-ETH
0.73%
0.73%
LRC-USDC LRC-USDC
1.21%
1.21%
LRC-USDT LRC-USDT
0.67%
0.67%
LRC-WBTC LRC-WBTC
0.92%
0.92%
MANA-USDC MANA-USDC
0.97%
0.97%
MASK-LRC MASK-LRC
0.61%
0.61%
MATIC-ETH MATIC-ETH
0.06%
0.06%
SAND-USDC SAND-USDC
1.04%
1.04%
WBTC-ETH WBTC-ETH
0.16%
0.16%
WBTC-USDC WBTC-USDC
0.25%
0.25%
Loading rates ...
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Company

Automatic market maker
Automatic market maker
tick Yes
Legal name
Payward Inc
Legal name
Year founded
2011
Year founded
2018
Country incorporated in
2
Country incorporated in
Headquarters country
2
Headquarters country
Platform token
Platform token
Loopring
Decentralised
cross No
Decentralised
tick Yes
Number of employees
250
Number of employees
Number of users
4,000,000
Number of users
Total assets under management
$10,000,000,000USD
Total assets under management
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Products

Savings accounts
tick Yes
Savings accounts
Loans
cross No
Loans
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
Fiat to crypto exchange
tick Yes
Fiat to crypto exchange
Pro exchange marketplace
tick Yes
Pro exchange marketplace
Peer to peer exchange
cross No
Peer to peer exchange
Margin trading
tick Yes
Margin trading
Corporate accounts
tick Yes
Corporate accounts
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
Integrated crypto wallet
tick Yes
Integrated crypto wallet
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
Fast account verification
cross No
Fast account verification
Futures exchange
tick Yes
Futures exchange
Chain agnostic
Chain agnostic
tick Yes
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Security

Cold storage
tick Yes
Cold storage
Cold storage custodian
Self custody
Cold storage custodian
Two factor authentication
tick Yes
Two factor authentication
Credit check
cross No
Credit check
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Support

24/7 support
tick Yes
24/7 support
Email support
tick Yes
Email support
Phone support
tick Yes
Phone support
Chat support
tick Yes
Chat support
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Fees

Maker fee
0%
Maker fee
Taker fee
0%
Taker fee
Exchange fees
Maker and taker fees vary by 30 day trade volume and go as low as 0% maker fee and 0.1% taker fee for traders exchanging more than $10,000,000 per month
Exchange fees
Fiat deposit fee
tick Free
Fiat deposit fee
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
Crypto deposit fee
tick Free
Crypto deposit fee
Crypto withdrawal fee
tick Free
Crypto withdrawal fee
Crypto wallet withdrawal limit
Starter accounts: $5,000 per day. Intermediate accounts: $500,000 per day. Pro accounts: $10,000,000 per day
Crypto wallet withdrawal limit
Fiat wallet withdrawal limit
Express accounts: $9,000 per day. Intermediate accounts: $100,000 per day. Pro accounts: $10,000,000 per day.
Fiat wallet withdrawal limit
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Investment Strategy

Independent proof of reserves
tick Yes
Independent proof of reserves
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Registrations & Regulation

Know your customer
tick Yes
Know your customer
cross No
Regulators
Regulated by FinCEN in the USA, FINTRAC in Canada, FCA in the UK, the Australian Transaction Reports and Analysis Centre in Australia and the FSA in Japan
Regulators
Financial Crimes Enforcement Network
tick Yes
Financial Crimes Enforcement Network
Financial Conduct Authority
tick Yes
Financial Conduct Authority
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
tick Yes
Financial Transactions and Reports Analysis Centre of Canada - Money Service Business Registration
Australian Securities and Investment Commission - Registration as Foreign Company
tick Yes
Australian Securities and Investment Commission - Registration as Foreign Company
Financial Services Agency - Crypto Asset Exchange Operator
tick Yes
Financial Services Agency - Crypto Asset Exchange Operator
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