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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...

Liquid

Liquid

Liquid is a non-custodial trading and yield platform launched in 2025. While best known for its high-leverage trading, it also offers a Vault product ...

VS

General

Platform
Kraken logo
Liquid logo
Founded
Kraken 2011
Liquid 2025
Headquarters
Kraken San Francisco, CA
Liquid Delaware, US
Availability
Kraken Worldwide
Liquid Worldwide excluding US and Ontario

Fees & Financial

Bonus
Kraken Up to $200 bonus with code: g8474kwz
Liquid 10% discount on fees with referral code: CIR
Token
Kraken
Liquid
Compounding
Kraken No
Liquid No
Payouts
Kraken Weekly
Liquid
Fees
Kraken Yes
Liquid
Lockup
Kraken
Liquid 4 day minimum
Maker Fee
Kraken 0.16
Liquid 0.07
Taker Fee
Kraken 0.26
Liquid 0.045

Cryptocurrency Rates

BTC Rate
Kraken 0.02%
Liquid
BTC Max
Kraken
Liquid
ETH Rate
Kraken 2.31%
Liquid
ETH Max
Kraken
Liquid
Stablecoin Rate
Kraken 4.08%
Liquid

Pros

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

Cons

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

Pros

  • Non-custodial with automated vault strategies
  • Targets 10%+ APY on USDC

Cons

  • New platform launched 2025
  • Yield targets not guaranteed