Software Alternatives, Accelerators & Startups

Kraken VS Codono

Compare Kraken VS Codono and see what are their differences

Kraken logo Kraken

One of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to our excellent service, low fees, versatile funding options and rigorous security standards

Codono logo Codono

Launch your own crypto exchange with full source-code access. Spot, futures, margin, P2P across 50+ blockchains. Self-hosted, one-time payment, deploy in 14 days.
Not present
  • Codono
    Image date //
    2026-07-26
  • Codono Crypto Exchange Software
    Crypto Exchange Software //
    2026-07-26

Codono is production-ready, self-hosted cryptocurrency exchange software delivered with full, unencrypted source code under a one-time perpetual license. Operators launch their own branded digital-asset exchange without vendor lock-in, monthly SaaS fees, or revenue sharing.

Trading modules - Spot trading with a sub-5 millisecond matching engine and price-time priority - Futures trading with leverage and an insurance fund mechanism - Margin trading with cross and isolated modes - P2P marketplace for fiat-to-crypto transactions with escrow protection

Wallet and chains A built-in multi-chain wallet supports 50+ blockchains, including Bitcoin, Ethereum and all EVM networks (ERC20/BEP20), TRON (TRC10/TRC20), Litecoin, Dogecoin, Dash, XRP, Waves, and custom tokens, with hot and cold storage management.

Apps and admin Native iOS and Android apps ship with biometric authentication, advanced charting, and portfolio tracking. The web platform includes a full admin dashboard for user management, KYC/AML review, trading pair configuration, fee schedules, and liquidity tools, plus REST and WebSocket APIs for integrations and market-making.

Ownership model One-time license per production domain. Self-hosted on your own infrastructure, with complete freedom to audit, modify, and extend the code. Trusted by entrepreneurs, brokers, fintech startups, and financial institutions launching crypto exchanges worldwide.

Kraken

Website
kraken.com
Pricing URL
-
$ Details
Platforms
-
Release Date
2011 January
Startup details
Country
United States
State
California
Founder(s)
Jesse Powell
Employees
1,000 - 1,999

Codono

Website
codono.com
$ Details
paid $1,500 / One-off
Platforms
Web Android Ubuntu iOS Crypto iPhone iPad
Release Date
2017 May
Startup details
Country
Hongkong
State
Kowloon
City
Hong Kong
Founder(s)
Anish Kumar
Employees
10 - 19

Kraken features and specs

  • Security
    Kraken is known for its strong security measures, including two-factor authentication (2FA), encryption, and cold storage for the majority of users' assets.
  • Wide Range of Cryptocurrencies
    Kraken supports a large number of cryptocurrencies and trading pairs, making it suitable for users interested in diversifying their portfolios.
  • Low Fees
    Kraken offers competitive fees, which vary based on your trading volume. Generally, the higher your trading volume, the lower the fees you'll incur.
  • Advanced Trading Features
    Kraken provides advanced trading features such as margin trading, futures trading, and various order types, catering to more experienced traders.
  • Regulated Entity
    Being one of the more regulated exchanges, Kraken complies with various regulatory requirements, adding an extra layer of trust for users.
  • Customer Support
    Kraken offers 24/7 customer support through various channels, including live chat and email.

Possible disadvantages of Kraken

  • Complex Interface
    The advanced features and trading options may make the interface seem complicated for beginners, potentially leading to a steep learning curve.
  • Withdrawal Fees
    While trading fees can be low, Kraken does charge fees for withdrawing cryptocurrencies and fiat, which may be considered high for some users.
  • Verification Process
    Kraken's verification process for new accounts can be time-consuming and requires detailed personal information, which may be a drawback for some users.
  • Occasional Downtime
    Some users have reported occasional downtime and slow website performance during periods of high trading volume, which can be frustrating.
  • Geographic Restrictions
    Kraken is not available in all countries, and specific features may be restricted based on geographic location.

Codono features and specs

  • Full Source Code
    Unencrypted, auditable source code with a one-time perpetual license
  • Spot & Futures Trading
    Sub-5ms matching engine with price-time priority; leverage and insurance fund
  • Multi-Chain Wallet
    50+ blockchains supported with hot and cold storage management
  • P2P Marketplace
    Fiat-to-crypto trading with built-in escrow protection
  • Margin Trading
    Cross and isolated margin modes
  • Native Mobile Apps
    iOS and Android apps with biometric login, charting, and portfolio tracking
  • Admin Dashboard
    User management, KYC review, and trading pair configuration
  • Liquidity Integration
    External liquidity and market-making options
  • Self-Hosted Deployment
    Run on your own infrastructure with no vendor lock-in

Analysis of Kraken

Overall verdict

  • Kraken is a well-regarded cryptocurrency exchange with a strong reputation in the industry. It is praised for its security, extensive features, and user-friendliness, making it a solid choice for many cryptocurrency traders.

Why this product is good

  • Kraken is considered a good cryptocurrency exchange due to its strong security measures, comprehensive range of cryptocurrencies, and advanced trading features. The platform offers competitive fees, high liquidity, and robust customer support, making it a reliable choice for both beginners and experienced traders. Kraken is also known for its transparency and compliance with regulatory standards, which adds an extra layer of trust for users.

Recommended for

  • Beginner traders who are looking for a secure and user-friendly platform.
  • Professional traders who require advanced features and high liquidity.
  • Investors interested in a wide range of cryptocurrencies and fiat trading pairs.
  • Security-conscious individuals who prioritize transparent and compliant exchanges.

Kraken videos

BEST CRYPTO EXCHANGE? Coinbase Pro Vs. Kraken 🥊

More videos:

  • Review - Kraken Exchange Review
  • Review - Kraken Bitcoin & Crypto Exchange REVIEW - Is It Trustworthy in 2021?

Codono videos

No Codono videos yet. You could help us improve this page by suggesting one.

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Category Popularity

0-100% (relative to Kraken and Codono)
Cryptocurrencies
100 100%
0% 0
Cryptocurrency Exchange
Crypto
100 100%
0% 0
Cryptocurrency Wallets

Questions & Answers

As answered by people managing Kraken and Codono.

What makes your product unique?

Codono's answer:

Codono is one of the few exchange platforms delivered with full, unencrypted source code under a one-time perpetual license. Operators self-host the entire stack: spot, futures, margin and P2P trading, a multi-chain wallet supporting 50+ blockchains, native iOS and Android apps, and a complete admin dashboard. No vendor lock-in, no revenue share.

Why should a person choose your product over its competitors?

Codono's answer:

Most white-label exchange providers charge recurring SaaS fees and keep their code closed. Codono gives operators full ownership: unencrypted source code they can audit and modify, a sub-5 millisecond matching engine with price-time priority, and a one-time license instead of monthly fees or volume-based revenue sharing.

How would you describe the primary audience of your product?

Codono's answer:

Entrepreneurs, brokers, fintech startups, and financial institutions launching their own branded cryptocurrency exchange. Codono serves both first-time founders who need a turnkey platform and established trading firms that require source-code access for compliance, audits, and deep customization.

What's the story behind your product?

Codono's answer:

Codono was founded in 2017 by engineers who had built and operated cryptocurrency exchanges firsthand. They kept watching founders overpay for closed, rigid white-label platforms with no code access, so they packaged a production-grade exchange stack into a self-hosted product with full source code, the solution they had wanted themselves.

Which are the primary technologies used for building your product?

Codono's answer:

Codono is built around a high-performance matching engine with price-time priority and sub-5ms latency, a multi-chain wallet infrastructure supporting 50+ blockchains including Bitcoin, Ethereum and EVM chains, TRON, XRP, and Waves, native iOS and Android apps with biometric authentication, and a web trading and admin platform with REST and WebSocket APIs.

Who are some of the biggest customers of your product?

Codono's answer:

Top Brokers, Crypto Exchange operators from Various part of Global

User comments

Share your experience with using Kraken and Codono. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Kraken and Codono

Kraken Reviews

6 Best Coinbase Alternatives for 2022
Kraken, unlike Gemini, markets itself directly to daily traders who do not necessarily need advanced derivatives. Kraken feels like a more approachable Binance. Its inclusion of live support leads the market and makes it a preferred choice for investors new to crypto.
Best Online Brokers for Bitcoin Trading
Kraken - Kraken.com Kraken uses a maker-taker fee schedule with price incentives based on your trading volume over the last 30 days. For example, the average customer who trades less than $50,000 a month will pay $2.60 in fees for every $1,000 in trading volume. Fees for market makers range between 0% and 0.16%, while fees for takers range from 0.10% to 0.26%. This fee...

Codono Reviews

We have no reviews of Codono yet.
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Social recommendations and mentions

Based on our record, Kraken seems to be more popular. It has been mentiond 178 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Kraken mentions (178)

  • Daily General Discussion - June 20, 2023 (GMT+0)
    You can use kraken.com if you prefer a more beginner-friendly interface, or you can use the pro.kraken.com interface for a more professional trading experience. Source: about 3 years ago
  • Scammer Watches $455K Vanish After Wasting 1 Year
    The money wasn't real. Kraken built me a custom environment that made the scammer BELIEVE it was real since it said "kraken.com" on my computer. I also spent hours and hours talking to him and building up the story. Source: about 3 years ago
  • Are Bitcoin staking rewards reinvested?
    What the title says, are bitcoin rewards from staking reinvested. Or where are they? Are they paid in fiat or in bitcoin? I assume it's being reinvested because I don't have any money or bitcoin in the account itself. But I'm also looking at some confirmation in writing in kraken.com but I can't see anything. Source: over 3 years ago
  • unstaked eth
    Same boat: seems unstaking began & ended 17-APR according to the "Ledger" entries I see on kraken.com, but (1) I still have some relatively small amount of ETH2.S listed as "Staking, Rewards", and (2) despite having 13+ ETH in my Spot wallet, I can only withdraw 0.81856. Would expect to have ALL ETH2.S unstaked (regardless of reward v purchased), and be able to withdraw 100%. What am I missing? Source: over 3 years ago
  • Changing leverage on mobile app
    Thanks for reaching out to us with this question. It can be a bit confusing. The Kraken Pro app doesn't currently support the ability to set your own leverage. There you are only able to move the balance you want to use. If you want to adjust the leverage, you can opt to use our classic interface on the web. There you can access the Advanced Order form which will offer you leverage flexibility. Source: over 3 years ago
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Codono mentions (0)

We have not tracked any mentions of Codono yet. Tracking of Codono recommendations started around Jul 2026.

What are some alternatives?

When comparing Kraken and Codono, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

HollaEx - Start your own Crypto Exchange with ease through HollaEx!

Binance - Cryptocurrencies exchange platform

AlphaPoint - Over 100 clients choose AlphaPoint blockchain technology to manage Security Token Offerings and run Digital Asset and Cryptocurrency Exchanges.

Bitfinex - Bitfinex is the largest and most advanced crypto-currencies trading platform.

Bisq - Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.