Kraken-Owned CryptoWatch Launches Crypto Trading Terminal

The Kraken-owned Bitcoin and crypto-asset trading data provider and trade execution platform Cryptowatch just released a desktop client for expert and institutional investors in the industry.

Cryptowatch is a modular trading terminal where users can track cryptocurrency market trends in an in-depth manner. For six years, the product had a webpage, but no formal desktop interface. This changes with this recent announcement.

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CryptoWatch Rolls Out Desktop Client

Cryptowatch today rolls out a native desktop client that will be available on Windows, MacOS, and Linux and free for all users.

“Cryptowatch Desktop is optimized for keeping an eye on dozens of live market feeds at once with low resource utilization on your computer. A single dashboard can be configured with multiple order books, candlestick charts, spread charts, high level market summaries, and large price quotes – all updating in real-time.”

Cryptowatch Desktop is written in Rust, “using Elm-inspired Rust GUI framework iced.” This makes the software relatively light on one’s CPU and memory, which is important for traders that want to have a rapid experience.

Early adopters of Cryptowatch include many top traders on Twitter, including Hsaka, I Am Nomad, amongst many others.

Product manager at Cryptowatch, Clark Moody, hopes that this product will satisfy traders that want “rock solid tools”:

“Traders want rock solid tools that can handle the high intensity of volatile markets. In our testing, we’ve seen the platform handle a dozen order books or charts on a single screen without breaking a sweat. We’re confident that as we build out the software, we will be able to maintain snappy responsiveness under the most demanding market conditions.”

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One of Many Recent Developments For Kraken

This is the latest in a string of developments for Kraken.

Last month, Kraken announced that one of its subsidiaries had received approval to become “America’s first crypto bank.” This subsidiary, Kraken Financial, intends to provide “comprehensive deposit-taking, custody, and fiduciary services for digital assets.”

Kraken hopes to service Kraken clients in the U.S., then around the world with this new platform. This should ease the friction that cryptocurrency users have in using banking services.

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Photo by Clément H on Unsplash
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Kraken-Owned CryptoWatch Launches Crypto Trading Terminal