Is Kraken legit or not?

Good day, fellow cryptocurrency enthusiasts! I'm sure many of you have come across Kraken, an exchange platform that seems to be gaining popularity in the crypto world. But before we dive deeper into its offerings, let's pause for a moment and ask ourselves a crucial question: "Is Kraken legit or not?" Now, I understand that navigating the complex landscape of cryptocurrency exchanges can be daunting, especially with so many platforms vying for our attention. So, I'm here to spark a discussion on Kraken's legitimacy, seeking insights from those who have had personal experiences with the platform. What's your take on Kraken's reputation in the crypto community? Are there any red flags that you've come across during your research? Let's exchange ideas and make an informed decision together.