News

Kraken secures UK EMI authorization; creates foundation for next phase of U.K. growth ambitions

We’re excited to announce we have officially secured an Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA). This important milestone for our U.K. operation accelerates our growth plans and unlocks opportunities to launch even more exciting products and services to meet the evolving needs of U.K. clients.   Our EMI license strengthens…

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A win for fairness

Today marks a pivotal moment for Kraken. The SEC staff has agreed in principle to dismiss its lawsuit against Kraken with prejudice, with no admission of wrongdoing, no penalties paid and no changes to our business. The SEC’s decision to dismiss its lawsuit against us (and many others) is more than just a legal victory…

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Introducing USDG: A new era in stablecoins

At Kraken, we’re committed to offering trusted, transparent and innovative stablecoin solutions. That’s why we’re proud to work alongside Paxos, Robinhood and Anchorage as part of the Global Dollar Network to bring you USDG. Backed by Paxos, a global leader in stablecoins, USDG comes with the confidence of over $160 billion in stablecoins issued since…

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Announcing the 2024 Kraken Transparency Report

We offer a variety of crypto products and services to millions of clients in 190+ countries. Last year, we received data requests from law enforcement and government agencies located in 71 countries. Combined global law enforcement and regulatory agency requests increased 38.6% in 2024 vs. 2023 U.S. agencies issued 28.6% of all data requests in…

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Kraken welcomes Ben Gray as Chief Legal Officer

In his new role, Ben Gray will oversee our legal, compliance and enterprise risk management operations, guiding the company through the rapidly evolving regulatory landscape. He will ensure we continue to uphold the highest standards of compliance and integrity as it further expands its geographical footprint and product portfolio. Ben will report directly to our…

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Kraken 2024 financial highlights

By Arjun Sethi, Kraken co-CEO Kraken was founded in 2011 with a clear vision: Build the most secure, reliable and accessible crypto exchange in the world. Our founders, Jesse Powell and Thanh Luu, started the company with a relentless focus on product, execution and long-term impact. At the time, Mt. Gox was on the verge…