Crypto Exchange Kraken Announces WebSockets Private API Is Live

Kraken, major cryptocurrency exchange announced that it made its WebSockets private application program interface (API) available for all Kraken clients.

On Oct. 24. Kraken announced on its blog that its first two messages of the private API have gone live to all of its clients after being in beta mode since the beginning of October.


Kraken Launches WebSockets Private API!https://t.co/137UY2DmT4 — Kraken Exchange (@krakenfx) October 24, 2019

New Functionalities

Kraken says that WebSockets will provide a faster, more efficient interface for the clients who build software applications for trading and accessing Kraken’s market data.

In order for Kraken clients to subscribe to a WebSocket private feed, the client must first request an authentication token via the REST API, a secure authentication mechanism using API keys and cryptographic hash algorithms.

The first two messages of the private API will list the client’s open orders and push updates when new orders are created while pushing updates when new trades execute. It will also list the last 50 trades. Meanwhile, Kraken said that there will soon be a faster way to add or cancel orders in the private API.

Kraken Set Up a Crypto Council To Rate Tokens

On Oct 1, 2019 CryptoNewsPoint.com reported that Kraken had set up a Crypto Ratings Council on which tokens can be traded without the supervision of regulators.

It will be publishing online ratings for digital assets on a scale of 1 to 5. The token with the highest score will be ‘considered as a security that cannot be issued, sold or traded by unregulated firms.

Source: Kraken Official Blog | Image: coincodex.com

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