News

Kraken Q2 2025 financial highlights

Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo expansion and establishing ourselves as the infrastructure provider that will power the next generation…

Business

Coinbase Doesn’t Custody All of Strategy’s Bitcoin—So Who Does?

In brief Strategy keeps its $72 billion Bitcoin stash with multiple custodians, but won’t publicly name them, citing security concerns despite pressure from crypto community. Coinbase confirmed it’s one of Strategy’s custodians, while blockchain analytics firm Arkham claims to have traced 70,000 BTC to Fidelity. SEC filings reveal Strategy uses only NYDFS-regulated custodians, narrowing the…

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Kraken rising: #2 in Kaiko’s Q2 2025 Exchange Ranking

We’re thrilled to announce that Kraken ranked #2 globally in Kaiko’s Q2 2025 Exchange Ranking, up from our #3 spot in Q1. This advance reflects what our global community already knows: We aren’t just one of the world’s leading crypto exchanges, we’re a platform that’s constantly improving, evolving and pushing the industry forward. Kaiko’s exchange…

News

Kraken Q1 2025 financial update: Strength through market cycles

Kraken began 2025 building on 2024’s solid momentum, navigating a shifting and softening market to outperform, even growing volume share. Our sustained performance across cycles demonstrates the resiliency of our platform, which continues to attract new clients and deepen existing relationships. We took a meaningful step toward our multi-asset vision by acquiring NinjaTrader, and rolled…

News

Kraken launches kBTC on Unichain

We are excited to announce that Kraken Wrapped Bitcoin (kBTC) is now live on Unichain, an Ethereum-based Layer 2 built for DeFi. Additionally, Unichain users and developers can now transfer ETH and USDT0 directly between Kraken and Unichain. The integration expands Kraken’s role as the liquidity hub for clients to seamlessly tap into multi-chain experiences. …

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Kraken climbs to #3 in Kaiko’s Q1 2025 global exchange ranking

We’re excited to announce that Kraken ranked 3rd overall in Kaiko’s Q1 2025 exchange ranking, moving up from 7th place last year among the 44 largest centralized crypto exchanges. This ranking, which evaluates exchanges based on critical factors such as governance, security, technology and liquidity, reflects our continued industry leadership and deep commitment to our…

News

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…