Figment
Figment provides enterprise-grade staking infrastructure and software solutions that allow you to earn rewards and participate in network governance across dozens of proof-of-stake blockchains safely.
Kraken
Kraken is a secure digital asset exchange providing advanced trading tools, institutional-grade security, and 24/7 support for individuals and businesses looking to buy, sell, and stake various cryptocurrencies.
Quick Comparison
| Feature | Figment | Kraken |
|---|---|---|
| Website | figment.io | kraken.com |
| Pricing Model | Custom | Freemium |
| Starting Price | Custom Pricing | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✘ No product demo |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2018 | 2011 |
| Headquarters | Toronto, Canada | San Francisco, USA |
Overview
Figment
Figment is a dedicated staking infrastructure provider that helps you earn rewards on your digital assets through secure, enterprise-grade validator nodes. Instead of managing complex hardware yourself, you can leverage their institutional-grade platform to participate in network governance and secure various proof-of-stake protocols. It simplifies the technical hurdles of Web3 by providing reliable uptime and slashing protection for your staked assets.
The platform is designed specifically for institutional investors, asset managers, and exchanges who require high-level compliance and reporting tools. You can monitor your staking performance in real-time through a dedicated dashboard and access detailed rewards data for accounting purposes. By focusing on security and protocol expertise, Figment ensures you can scale your digital asset strategy without the operational overhead of running your own infrastructure.
Kraken
Kraken is a comprehensive digital asset platform that lets you trade over 200 different cryptocurrencies with high liquidity and industry-leading security. You can manage your entire portfolio from a single dashboard, whether you are making your first Bitcoin purchase or executing complex high-volume trades. The platform provides you with real-time market data, advanced charting tools, and various order types to help you execute your investment strategy precisely.
You can also put your idle assets to work through on-chain staking to earn rewards directly in your account. The platform caters to everyone from individual hobbyists to large-scale institutional investors with dedicated account management and deep liquidity pools. With a focus on transparency and security, you can verify your balances through regular proof-of-reserve audits, ensuring your funds are always accounted for and accessible.
Overview
Figment Features
- Multi-Protocol Support Stake your assets across 30+ leading proof-of-stake networks including Ethereum, Solana, and Cosmos from one unified platform.
- Institutional Dashboards Monitor your staking positions, track performance metrics, and view real-time rewards data through a clean, professional interface.
- Slashing Protection Protect your principal investment with enterprise-grade security measures and insurance coverage designed to mitigate potential network penalties.
- Rewards Reporting Download detailed transaction histories and reward statements to simplify your tax reporting and internal accounting processes.
- Governance Participation Exercise your voting rights on protocol proposals directly through the platform to help shape the future of the networks you support.
- API Connectivity Integrate staking data directly into your own applications or internal systems using robust, developer-friendly API endpoints.
Kraken Features
- Advanced Trading Interface. Execute complex trades using professional charting tools, real-time order books, and automated limit orders to maximize your returns.
- Crypto Staking. Earn rewards on your idle digital assets by participating in on-chain staking directly through your secure account dashboard.
- Margin Trading. Leverage your positions up to 5x to increase your market exposure and potentially amplify your trading profits.
- Institutional Services. Access deep liquidity, dedicated account management, and OTC trading desks designed specifically for high-volume corporate and institutional needs.
- Proof of Reserves. Verify that your funds are fully backed and held securely through regular, independent third-party cryptographic audits.
- 24/7 Live Support. Get help whenever you need it with round-the-clock access to specialists via live chat and global support centers.
Pricing Comparison
Figment Pricing
Kraken Pricing
- No monthly subscription fee
- Access to 200+ cryptocurrencies
- Instant Buy functionality
- 24/7 live chat support
- Basic portfolio tracking tools
- Everything in Standard, plus:
- Lower maker/taker fee schedule
- Advanced charting and API access
- Margin and futures trading
- Deep liquidity for large orders
- Customizable trading interface
Pros & Cons
Figment
Pros
- Exceptional uptime records across all supported blockchain protocols
- Comprehensive reporting tools simplify complex crypto accounting tasks
- Strong focus on institutional compliance and security standards
- Direct access to protocol experts for technical support
Cons
- Higher barrier to entry compared to retail exchanges
- Commission rates may be higher than DIY staking
- Interface is geared toward professionals rather than beginners
Kraken
Pros
- Exceptional security record with no major hacks
- High liquidity ensures fast trade execution
- Lower fees for high-volume professional traders
- Wide variety of supported digital assets
- Responsive 24/7 customer support team
Cons
- Verification process can be slow during peaks
- Interface may feel complex for absolute beginners
- Higher fees for 'Instant Buy' transactions