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SushiSwap vs Kraken

SushiSwap vs Kraken Comparison Table 2024
SushiSwap Kraken
Review
1.8
Review
3.9

SushiSwap is a DeFi cryptocurrency exchange launched in 2020. Through the Ethereum blockchain, SushiSwap has generated over $2.5 billion in trading volume through it's AMM framework. Traders can swap tokens, as well as create liquidity via yield farming.

Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.

Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days
Comment by Reviewer
"SushiSwap will appeal to experienced crypto investors looking for competitive AMM rates or developers seeking to create custom pools. However as with most crypto exchanges, SushiSwap is unregulated so we recommend caution if considering this firm." "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
Pros
  • Liquidity providers receive large rewards for their contributions - the SUSHI/ETH pool pays out double rewards
  • Some of the largest centralised exchanges in the world added the platform’s token, Sushi, days after it went live
  • Accessible fiat-to-crypto deposits including bank transfer and Apple Pay, plus 6 supported crypto wallets
  • Trading fees are more affordable than centralised exchanges such as Coinbase
  • The platform has received strong endorsements from multiple DeFi projects
  • Sushi Academy with learning materials for beginners and technical users
  • Crypto farming available with over 500 token pools to choose from
  • Very good security track record with no hacks in a decade since launch
  • Excellent range of 220+ more established cryptocurrencies
  • NFT marketplace and crypto staking available
  • Great trading platform and mobile app
  • Low exchange fees on Kraken Pro
  • 50x leverage on futures trading
  • Low minimum deposit of $10
  • 3D secure required
  • Mobile investing
  • Crypto staking
Cons
  • SushiSwap wasn’t independently audited before its release
  • Not as many tokens as other crypto exchanges
  • No regulation bringing security concerns
  • No demo account to test the firm
  • Slow verification process on Pro account
  • Does not support many newer altcoins
  • Low leverage on spot trading
  • Does not accept fiat deposits
  • Slow verification times
Instruments
Cryptos Cryptos
Demo Account
Yes Yes
Minimum Deposit
$30 $10
Trading Platforms
  • Own
  • AlgoTrader
Payment Methods
Minimum Trade
Variable Variable
Regulator
FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Not yet Yes
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Cryptocurrency
SushiSwap offers over 400 tokens to swap, with a good range of fiat and crypto deposits. With that said, this exchange is unregulated and funds may not be secure when compared to reputable crypto brokers. Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.
Spread
0.30% fee 0-0.26% average
Coins
  • ETH
  • BTC
  • BAB
  • BAC
  • BAL
  • BAO
  • BAT
  • BNT
  • BUSD
  • DELTA
  • DFD
  • DFX
  • ESD
  • FARM
  • FTT
  • FTX
  • GNO
  • LINK
  • PAXG
  • RARI
  • SUSHI
  • SWAG
  • WBTC
  • YLD
  • ZIG
  • AAVE
  • ALGO
  • ANT
  • REP
  • REPV2
  • BAT
  • BAL
  • XBT
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • CRV
  • DAI
  • DASH
  • MANA
  • XDG
  • EWT
  • EOS
  • ETH
  • ETC
  • FIL
  • FLOW
  • GNO
  • ICX
  • KAVA
  • KEEP
  • KSM
  • KNC
  • LSK
  • LTC
  • MLN
  • XMR
  • NANO
  • OCEAN
  • OMG
  • OXT
  • PAXG
  • DOT
  • QTUM
  • XRP
  • SC
  • XLM
  • STORJ
  • SNX
  • TBTC
  • USDT
  • XTZ
  • GRT
  • TRX
  • UNI
  • USDC
  • WAVES
  • YFI
  • ZEC
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
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