31.07.2023
Kraken fixes issues with Ethereum funding gateway
31.07.2023
Glory Faleke
Contributor

Cryptocurrency exchange Kraken has announced that it has resolved issues with the Ethereum funding gateway that could cause delays or disruptions to deposits and withdrawals.

The exchange noted that all other funding methods are operating normally.

"A fix has been implemented, and we are monitoring the results," according to the report on Kraken's status page.

It is worth noting that the exchange did not disclose the reasons for the problem, but the prompt resolution of the issue demonstrates its commitment to providing its users with high-quality and stable services.

Kraken clients can now confidently use the Ethereum funding gateway without worrying about potential delays and bugs.

Founded in 2011, Kraken is a multi-purpose platform for margin trading of cryptocurrencies, stablecoins, indices, and futures. The exchange offers traders leverage of x5 for margin trading and x50 for futures, as well as a wide range of educational programs, which has a positive impact on attracting new traders.

Also read: KuCoin published a report on the Japanese crypto market.