Kraken allowed a coin (XRT) to launch on its platform at 600$ . .or soon after launch, . .this coin was listed on other Exchanges at 9$ at the time . .the price immediately dropped to 200, then 60 dollars . .more or less in a few hours - I , a regular Kraken Client of 4 years , saw this XRT at 54€ . .and bought 22 . . moments later I see it listed on CoinmarketCap at 9$ . . . NATURALLY I panic and immediately sell - Loss 160€ . .
On contacting Kraken I am met with the usually "not our problem mate - touch luck!" . . . IF Crypto ever hopes to go mainstream, and satisfy regulation, it MUST stamp out this type of gross manipulation of price /Clients . . .for me, this simply equates to criminal fraud . .Kraken makes huge profits - if they can't be bothered to monitor / evict coins that simply "take-the-piss"/and reimburse Clients, then Clients will say goodbye...
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