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…

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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…

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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…

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Kraken chosen as distribution partner by the FTX Debtors

December 16, 2024 | News We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to assist in distributing recoveries to retail customers in supported jurisdictions in accordance with the U.S. bankruptcy court-approved FTX Chapter 11 Plan of Reorganization. To ensure clients receive funds when distribution starts,…

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Kraken completes 2024 Proof of Reserves

Our latest Proof of Reserves covered the most widely held cryptocurrencies on the platform: BTC, ETH, SOL, USDC, USDT, and XRP. It included the spot positions, open margin positions, futures balances and on-chain staked amounts of eligible assets (ETH and SOL). In total, this most recent attestation – which became available on Kraken on November…

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Kraken successfully passes November 2023 Proof of Reserves

This most recent Proof of Reserves covered the most widely held cryptocurrencies: BTC, ETH, USDC, USDT, DOT, ADA and XRP. It also included the open margin positions, futures balances and on-chain staked amounts of those assets. In total, approximately 78% of all clients’ cryptoassets held on the platform were covered by this most recent attestation. …

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Kraken Appoints CJ Rinaldi as Chief Compliance Officer

New CCO brings three decades of financial services experience SAN FRANCISCO – Jan. 24, 2023 – Kraken, one of the world’s largest and most-trusted crypto platforms, today announced the appointment of CJ Rinaldi as Chief Compliance Officer. CJ’s decades of experience, both in traditional and decentralized finance, will further strengthen Kraken’s compliance program amid a…

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Kraken Appoints Dan Ciporin to Board of Directors

Accomplished fintech investor bolsters company’s advisory team Jan. 11, 2022 – SAN FRANCISCO – Kraken, one of the world’s leading crypto platforms, today announced the appointment of Dan Ciporin to its board of directors as an independent member. Dan brings a wealth of experience and insight directly applicable to the next phases of Kraken’s evolution.…