The api.kraken.com is behind CloudFlare Edges. The IP address is known as anycast IP address. All users will be connected to the nearest local edge server instead of one physical server. In this case, users will enjoy the lowest latency.
I can confirm this by performing traceroute from 3 different continents. Please see the traceroute below and confirm that netrouting to the nearest local CloudFlare edge server.
Traceroute from USA
%> ip2trace -p api.kraken.com -d /usr/share/ip2location/DB4.BIN
IP2Location Geolocation Traceroute (ip2trace) Version 8.0.0
Copyright (c) 2021 IP2Location.com [MIT License]
https://www.ip2location.com/free/traceroute-application
1. 50.97.82.1 0.544 ms ["US", "United States of America", "Texas", "Dallas", "SoftLayer Technologies Inc.]
2. 173.192.118.144 0.398 ms ["US", "United States of America", "Texas", "Dallas", "SoftLayer Technologies Inc.]
3. 50.97.18.192 1.135 ms ["US", "United States of America", "Texas", "Dallas", "SoftLayer Technologies Inc.]
4. 206.223.118.145 1.914 ms ["US", "United States of America", "Texas", "Dallas", "Equinix Inc.]
5. 104.16.212.191 1.533 ms ["US", "United States of America", "California", "San Francisco", "CloudFlare Inc.]
Traceroute from France
%> ip2trace -p api.kraken.com -d /usr/share/ip2location/DB4.BIN
IP2Location Geolocation Traceroute (ip2trace) Version 8.0.0
Copyright (c) 2021 IP2Location.com [MIT License]
https://www.ip2location.com/free/traceroute-application
1. 176.67.168.129 0.511 ms ["FR", "France", "Ile-de-France", "Paris", "UK-2 Limited]
2. 149.6.166.145 0.588 ms ["FR", "France", "Ile-de-France", "Paris", "PSINet Inc.]
3. 154.25.5.125 1.130 ms ["FR", "France", "Ile-de-France", "Paris", "Cogent Communications Inc]
4. 130.117.1.45 1.659 ms ["FR", "France", "Ile-de-France", "Paris", "Cogent Communications Inc]
5. 154.54.60.126 1.382 ms ["FR", "France", "Ile-de-France", "Paris", "Cogent Communications Inc]
6. 149.11.0.126 1.708 ms ["FR", "France", "Ile-de-France", "Paris", "CloudFlare Inc.]
7. 104.16.214.191 1.661 ms ["US", "United States of America", "California", "San Francisco", "CloudFlare Inc.]
Traceroute from Singapore
%> ip2trace -p api.kraken.com -d /usr/share/ip2location/DB4.BIN
IP2Location Geolocation Traceroute (ip2trace) Version 8.0.0
Copyright (c) 2021 IP2Location.com [MIT License]
https://www.ip2location.com/free/traceroute-application
1. 174.133.118.150 0.295 ms ["SG", "Singapore", "Singapore", "Singapore", "SoftLayer Technologies Inc.]
2. 50.97.18.202 0.943 ms ["SG", "Singapore", "Singapore", "Singapore", "SoftLayer Technologies Inc.]
3. 104.16.214.191 0.871 ms ["US", "United States of America", "California", "San Francisco", "CloudFlare Inc.]