diff --git a/swap/src/asb/kraken.rs b/swap/src/asb/kraken.rs
index 4f8e36b0..27020597 100644
--- a/swap/src/asb/kraken.rs
+++ b/swap/src/asb/kraken.rs
@@ -7,7 +7,8 @@ use serde::{Deserialize, Serialize};
 use serde_json::Value;
 use std::convert::TryFrom;
 use tokio::sync::watch;
-use tokio_tungstenite::tungstenite::Message;
+use tokio_tungstenite::tungstenite::{protocol::CloseFrame, Message};
+use tracing::{error, trace};
 use watch::Receiver;
 
 const KRAKEN_WS_URL: &str = "wss://ws.kraken.com";
@@ -36,8 +37,8 @@ impl LatestRate for RateService {
 pub enum Error {
     #[error("Rate has not yet been retrieved from Kraken websocket API")]
     NotYetRetrieved,
-    #[error("Message is not text")]
-    NonTextMessage,
+    #[error("Received close message from Kraken")]
+    CloseMessage,
     #[error("Websocket: ")]
     WebSocket(String),
     #[error("Serde: ")]
@@ -77,11 +78,27 @@ impl RateService {
             while let Some(msg) = rate_stream.next().await {
                 let msg = match msg {
                     Ok(Message::Text(msg)) => msg,
-                    Ok(_) => {
-                        let _ = rate_update.send(Err(Error::NonTextMessage));
+                    Ok(Message::Close(close_frame)) => {
+                        if let Some(CloseFrame { code, reason }) = close_frame {
+                            error!(
+                                "Kraken rate stream was closed with code {} and reason: {}",
+                                code, reason
+                            );
+                        } else {
+                            error!("Kraken rate stream was closed without code and reason");
+                        }
+                        let _ = rate_update.send(Err(Error::CloseMessage));
+                        continue;
+                    }
+                    Ok(msg) => {
+                        trace!(
+                            "Kraken rate stream returned non text message that will be ignored: {}",
+                            msg
+                        );
                         continue;
                     }
                     Err(e) => {
+                        error!("Error when reading from Kraken rate stream: {}", e);
                         let _ = rate_update.send(Err(e.into()));
                         continue;
                     }