Kraken Experiences Domestic USD Funding Delays | Finance Magnates

Kraken, a US-based cryptocurrency exchange, is currently experiencing delays for domestic United States dollar (USD) funding, the company has revealed on its website earlier today.

In particular, on Kraken’s status page, the crypto exchange said: “We are currently experiencing delays with our wire processor for Domestic US deposits through Evolve Bank. This is causing deposits to remain in a “Confirming” or pending state for a few business days longer than normal and delays in service requests.

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“Please contact support for assistance with any delayed transactions and see this support article for other domestic US deposit and withdrawal alternatives.”

Kraken system issues
Source: Kraken

The message was posted on the 29th of June at 23:24 UTC (GMT+0). As of the time of publishing, the alert remains unchanged on the exchange’s website.

Kraken USD issue appears to be ongoing

Although the message was published within the past few hours, it appears that this is not the first time that the cryptocurrency exchange has had issues with Domestic US deposits in recent days. In fact, the situation alerted to today appears to be an ongoing issue.

Kraken USD funding delays twitter
Source: Twitter

According to a tweet from Charles J Ryan (@cryanluxuryhome) posted on the 25th of June, in which Kraken replied to, the exchange was also experiencing delays in domestic US Dollar funding.

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