Kraken 与 Trade Republic：这些加密货币交易所如何比较

Kraken vs Trade Republic compares two platforms that both provide access to crypto alongside other investment opportunities. Trade Republic integrates cryptocurrencies into a broader investing app for stocks and ETFs, focusing on simplicity and accessibility. Kraken, originally built as a cryptocurrency exchange, now offers staking, recurring buy options, asset bundles, and additional investment products in certain jurisdictions, alongside advanced trading tools. This guide breaks down how the two platforms compare in terms of fees, asset availability, trading functionality, investment features, security practices, and overall user experience.

Kraken 于 2011 年在美国成立，是加密货币行业最早、最成熟的品牌之一。该交易所在比特币首次亮相不到两年后推出，因其对安全性、运营透明度和高质量用户体验的重视而赢得了全球认可。

如今，Kraken 在 190 多个国家/地区为超过 1500 万客户提供服务。其产品包括面向个人投资者的旗舰 Kraken 平台，以及通过 Kraken Pro 平台和 Kraken Desktop 应用程序为高级和机构交易者提供的强大的一体化交易平台。

Kraken 的机构套件涵盖现货、保证金、期货市场、质押和 OTC 交易，服务于合格客户。Kraken 还通过 Kraken Learn 大力投资教育，支持新手和经验丰富的交易者。

Kraken 总部位于怀俄明州，通过定期 储备金证明 强调其对问责制的承诺，这是其在 2014 年引入行业的一项实践。它也是第一家在 Bloomberg Terminal 上市的加密货币交易所，有助于弥合传统金融和数字资产之间的鸿沟。

Kraken 在美国、加拿大、英国、欧盟等主要市场拥有监管许可证，并曾协助处理 Mt. Gox 债权人索赔等案件，因此建立了稳定、合规运营的声誉，使其成为寻求安全可靠的加密货币交易所的值得信赖的目的地。

Founded in 2015, Trade Republic is a European mobile-first brokerage, aiming to empower everyone to create wealth via easy, free access to financial markets. To this end, it delivers a streamlined interface catering primarily to retail investors. At its core, Trade Republic is a platform for trading global financial instruments — such as stocks, crypto, fixed-income bonds and ETFs. These are made available via its mobile app, rounded out with features like access to private markets, child savings accounts and recurring buys. To top off its offering, the Trade Republic card generates cashback that can be added directly to users’ savings products. Trade Republic differentiates itself on low-cost trading and strong UX that appeal to first-time investors and novice traders alike. An emphasis on simplicity and wide European accessibility has cemented it as the venue of choice for 10m+ users across the continent. The platform remains more limited than full-service brokerages, however. While basic order types and access to core instruments exist, Trade Republic lacks the advanced tools, customizability and derivatives that its more sophisticated competitors can offer. As a result, it’s perhaps best-suited to cost-conscious retail investors with limited requirements rather than seasoned traders seeking specialized trading features and a wider range of available instruments.

For investors who value regulatory clarity and infrastructure depth, Kraken’s global track record offers a different profile from investment apps integrating crypto as one asset class among many. Operating since 2011, Kraken has weathered every major crypto market cycle without a reported breach of client funds. Its security-led philosophy is reinforced through Proof of Reserves audits, ISO certifications and regulatory licenses across key jurisdictions. While some platforms prioritize streamlined investing experiences, Kraken focuses on building secure exchange infrastructure capable of supporting spot, futures, staking, equities access (where available) and institutional trading — all within a transparent, compliance-oriented environment.

Kraken的产品生态系统旨在支持各种交易风格和经验水平。用户可以通过其精简的移动应用程序随时随地进行交易，或通过Kraken Pro使用更高级的工具，Kraken Pro提供详细的图表、自定义订单类型和实时市场数据。

该平台支持所有用户的现货交易，在符合条件的地区提供杠杆交易（最高5倍杠杆）和期货合约（最高50倍杠杆）。机构客户和高净值客户可通过Kraken的OTC柜台和Kraken Prime服务获取额外服务。

除了交易之外，Kraken还提供超过21种资产的加密质押服务，年化收益率（APY）最高可达17%，具体取决于币种和网络状况。用户可以直接通过平台质押Ethereum (ETH)、Solana (SOL)和Cardano (ADA)等资产，从而获得被动收益。

Kraken还通过Krak支持全球数字支付，这项功能允许用户发送加密货币或现金，且无需交易费用。

2024年，Kraken发布了其基于Optimism的SuperChain构建的Ink Layer-2 网络，为中心化交易所和流行的DeFi协议之间提供了无缝桥接。

对于那些希望深化金融知识的人，Kraken Learn提供教育资源，涵盖从区块链基础知识到高级交易策略的所有内容。

Trade Republic’s crypto offering is designed for casual investing rather than professional trading. Clients can buy and hold cryptocurrencies directly in the app, alongside stocks, ETFs, bonds and cash features. Order types are generally simple, and the platform does not aim to provide the same breadth of spot markets, margin tools, futures, or advanced charting that dedicated exchanges offer. The product can suit users who want to add small crypto allocations to a broader investing portfolio, but active traders who need deep liquidity, pro order types or sophisticated risk tools typically choose specialist exchanges.

Trade Republic provides a straightforward way to gain crypto exposure inside a broader stocks-and-ETFs investing app, which suits users who prefer a simplified portfolio experience. But that convenience often comes with fewer dedicated crypto trading features and less flexibility for advanced strategies. Kraken is built for users who want purpose-built crypto functionality at scale. It combines Kraken Pro’s advanced order types and charting with spot trading, and adds margin and futures access in eligible regions. For longer-term investors, Kraken also supports staking, recurring purchases (DCA) and asset bundles, offering a deeper crypto ecosystem than a “crypto-as-one-asset-class” model.

客户可以在 Kraken 上交易 600 多种加密货币，包括 比特币 (BTC) 和 XRP (XRP) 等主要币种，以及各种山寨币，从 Meme 币 到 流动性质押代币。

Kraken 应用程序中还提供超过 11,000 种免佣金 ETF 和股票，可直接进行交易。符合条件的地区的客户还可以投资 xStocks，这些是这些股票的代币化版本。
Kraken 支持十种主要法定货币的提款和存款，使全球客户能够快速便捷地为其账户充值。

支持的法定货币包括：

• 美元 (US Dollar)

• 加元 (Canadian Dollar)

• 英镑 (Pound Sterling)

• 欧元 (Euro)

• 日元 (Japanese Yen)

• 澳元 (Australian Dollar)

• 瑞士法郎 (Swiss Franc)

• 阿根廷比索 (Argentine Peso)

• 墨西哥比索 (Mexican Peso)

• 巴西雷亚尔 (Brazilian Real)

此外，Kraken 还支持 15 种 稳定币，包括 Tether (USDT)、USDC 和 USDG。

Trade Republic supports a limited, curated list of cryptocurrencies compared with major global crypto exchanges. Availability can vary by country, but the focus is on mainstream assets rather than long-tail altcoins. For users, the key trade-off is simplicity: fewer assets, fewer market pairs, and less complexity in exchange for a streamlined buying and holding experience integrated with traditional investments. Traders who want access to hundreds of tokens, multiple market pairs, and more flexible deposit and withdrawal options will usually prefer a full crypto exchange.

Trade Republic’s crypto selection is intentionally limited to maintain simplicity within its broader investing app. Kraken, by contrast, supports 500+ cryptocurrencies alongside global fiat rails and deep exchange liquidity. For investors who want wider token coverage, more trading pairs, and the ability to scale into advanced trading strategies without switching platforms, Kraken provides significantly greater asset breadth.

Kraken 的基于交易量的分级收费模式透明，旨在支持专业交易者和休闲投资者。

挂单方费用从 0.25% 起，吃单方费用从 0.40% 起，高交易量个人和机构还可享受折扣。通过 Kraken+ 订阅，符合条件的客户在达到一定月交易量之前可完全免除这些费用。

大多数加密货币和法定货币存款都是免费的，但根据交易方式和具体资产可能存在一些例外。Kraken 还通过在交易确认前显示所有费用来强调透明度，确保客户提前了解所有费用，避免不必要的意外开支。

Trade Republic markets crypto trading as commission-free, with clients paying a fixed external settlement cost of €1 per trade according to its support documentation. In practice, broker-style execution can also include a spread between the quoted buy and sell price, which may be more noticeable in fast-moving markets. This model can be attractive for occasional buys, but it may be less predictable for active traders who prefer explicit maker/taker fees and the ability to manage execution on a live order book.

Trade Republic’s simplified pricing model is designed for ease of use within its broader investing app. However, it does not provide traditional volume tiers or exchange-style maker-taker pricing. Kraken’s fee structure is specifically built for trading. With published volume discounts, transparent futures pricing and no hidden spreads, Kraken may be more attractive for users who trade frequently or require cost visibility as part of their strategy.

Kraken 被广泛认为是行业中最安全的加密货币平台之一。自成立以来，Kraken 从未发生过导致客户资金损失的安全漏洞，这是少数其他交易所能做出的声明。客户受益于多层账户保护，包括带通行密钥的 2FA、PGP 邮件加密、具有范围限制的精细 API 密钥权限、可配置的账户超时、可疑活动的实时监控、提款白名单和主密钥设置。

Kraken 于 2014 年首创储备金证明，并继续通过定期、可独立验证的审计引领行业。此加密程序允许客户随时亲自查看其账户余额如何由真实资产支持。Kraken 还持有 ISO/IEC 27001:2013 认证、SOC 2 Type 2 审计合规性，并运营着一个强大的公共漏洞赏金计划。

Trade Republic’s crypto custody is handled through its regulated banking entity and external custodial partners. The platform states that the majority of crypto assets are stored in cold storage via its custody provider, with strong authentication requirements for account access. As a regulated financial institution in Europe, Trade Republic operates within defined supervisory frameworks. However, its crypto functionality is integrated into a broader investing infrastructure rather than a dedicated exchange model.

Trade Republic operates within a regulated European banking framework, but Kraken’s security identity is deeply rooted in its crypto-native infrastructure. Founded in 2011, Kraken has maintained a clean record with no reported client fund breaches. Its approach includes Proof of Reserves transparency, rigorous internal controls and recognized certifications. For users seeking a platform built specifically around crypto custody and exchange-level security, Kraken’s long-standing operational discipline provides additional reassurance.

Kraken 以其响应迅速且专业的客户服务而闻名，提供多种支持渠道以满足不同用户需求。客户可以访问 24/7 全天候实时聊天，与真人客服代表对话，通过电子邮件提交请求，或者（在特定情况下）通过电话直接与支持专员通话。

Kraken 的多语言支持团队可以支持十几种语言的用户。这有助于公司更有效地服务其全球客户群。

该交易所还在客户满意度方面获得了高分，并在 Customer Centricity World Series 中被评为“欧洲最佳 CX 人工智能应用奖”获得者。其在解决问题时对清晰度、同理心和速度的关注，继续在竞争激烈的市场中彰显 Kraken 的客户体验。

Trade Republic primarily supports clients through in-app help and ticket-based assistance, which aligns with its mobile-broker model. While this can work well for routine account questions, it may not offer the same depth of 24/7 live crypto-specialist support that active traders expect from major exchanges. If fast escalation during volatile markets matters to you, it’s worth weighing the support channels, response times and availability in your region.

Trade Republic’s crypto selection is intentionally limited to maintain simplicity within its broader investing app. Kraken, by contrast, supports 500+ cryptocurrencies alongside global fiat rails and deep exchange liquidity. For investors who want wider token coverage, more trading pairs, and the ability to scale into advanced trading strategies without switching platforms, Kraken provides significantly greater asset breadth.

Trade Republic integrates crypto into a broader investing app focused primarily on stocks and ETFs. Its simplified model may appeal to users who want straightforward portfolio exposure without advanced trading complexity. Kraken is structured as a crypto-native exchange that has expanded into additional investment access in select regions. With 500+ cryptocurrencies, advanced order types, staking, DCA and derivatives access in eligible markets, Kraken provides greater trading depth. For investors seeking more than basic exposure — especially those who value liquidity and exchange-level tooling — Kraken delivers a broader platform.