Cryptocurrency Q&A Is Kraken decentralized?

Is Kraken decentralized?

Caterina Caterina Wed Sep 11 2024 | 7 answers 1499
Could you please clarify for me if Kraken, the cryptocurrency exchange platform, operates in a decentralized manner? I'm interested in understanding whether it relies on a central authority or utilizes a distributed network of nodes for its transactions and operations. I'm aware that many blockchain-based platforms are designed to be decentralized, so I'm curious about Kraken's specific architecture and whether it aligns with that principle. Is Kraken decentralized?

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