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Figure Markets
Kraken

Kraken

Kraken is a leading digital asset exchange platform that was founded in 2011 and is headquartered in San Francisco, California. The platform allows...

Backpack

Backpack

Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collec...

VS

General

Platform
Kraken logo
Backpack logo
Founded
Kraken 2011
Backpack 2022
Headquarters
Kraken San Francisco, CA
Backpack Tokyo, Japan
Availability
Kraken Worldwide
Backpack Worldwide (lending unavailable in US, a few states restricted)

Fees & Financial

Bonus
Kraken Up to $100 with invite code: yybpp393
Backpack
Token
Kraken
Backpack
Compounding
Kraken No
Backpack Yes
Payouts
Kraken Weekly
Backpack
Fees
Kraken Yes
Backpack
Lockup
Kraken
Backpack Unbonding period applies
Maker Fee
Kraken 0.16
Backpack 0.08
Taker Fee
Kraken 0.26
Backpack 0.1

Cryptocurrency Rates

BTC Rate
Kraken 0.15%
Backpack 0.03%
BTC Max
Kraken
Backpack
ETH Rate
Kraken 2.25%
Backpack 0.86%
ETH Max
Kraken 6.5%
Backpack
Stablecoin Rate
Kraken 4.08%
Backpack

Unique Pros

  • Offers on and off-chain staking
  • Full exchange services

Key Cons

  • Rate will vary (Kraken takes a flat 15% from staking rewards)

Unique Pros

  • Fully regulated in multiple jurisdictions
  • Solana-native with strong ecosystem

Key Cons

  • Lending rates are dynamic and can be low
  • Newer platform