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Kraken Financial Review 2025

As one of the first crypto-native banks, Kraken Bank provides a range of services, including digital asset trading, custody, and staking services for both retail and institutional clients.

author-avatarNicholas Otieno
•
Published 1 year ago 56m

Kraken Financial info

EXCHANGE INFO
Founded 2011
Headquarters San Francisco, USA
Website https://www.kraken.com/financial
Target clients Institutions
Employees 501-1000
Financials
Market cap Large Cap - $10.8 billion
Daily volume trading $4 billion
Revenue $1.2 billion
Currencies
Fiat supported 15+ fiat currencies supported
Cryptocurrencies 250+ cryptocurrencies supported
FEES AND TRADING
Pricing Plans
Cryptocurrency Fees Makers: 0.00% to 0.16%, Takers: 0.26% to 0.10%
Crypto services
Tokenization services
Offers Bitcoin ETF
Staking services
Interest on savings
Crypto Custody
Crypto Trading
Business services
Invoicing service
Payments Services
Cards
API
Insurance Coverage
Interest on savings
REGISTRATIONS
Crypto licenses VASP UK; Kraken holds a crypto licensed issued by the UK’s Financial Conduct Authority (FCA).
Banking licenses (IBAN) (SPDI) chartered and headquartered in Wyoming, USA. SPDI is a bank that receives deposits and conducts other incidental banking activities, including custody, asset servicing, asset management, and other banking services.
Money Transmitter or E-Money Licences Canada; Kraken holds money service business license issued by FINTRAC.

Explore Kraken Financial

Key Features

Kraken Financial is a special type of SPDI based in Wyoming, USA. This means it can hold deposits and provide a range of banking services under Wyoming’s banking rules, such as managing assets and investments. Kraken offers advanced trading features, margin trading, OTC trading.

Kraken is currently in second place globally, with a score of 4.3. It represents a pioneering force within the crypto-focused banking sector. Since its inception in 2011 and its headquarters in San Francisco, United States, Kraken has carved a niche in the competitive financial services landscape by embracing cryptocurrencies and blockchain technology. With a substantial market cap of $10.8 billion and an impressive daily trading volume of $4 billion, the bank demonstrates its financial prowess and capacity to cater to a broad audience, including individuals, institutions, and professional traders.

Kraken bank services are extensive, covering over 250 cryptocurrencies and supporting more than 15 fiat currencies, offering one of the most diverse trading platforms in the sector. The bank has also acquired a notable crypto license from the UK’s Financial Conduct Authority (FCA) and a money service business license from FINTRAC in Canada, underscoring its commitment to regulatory compliance and security. Beyond trading, Kraken provides crypto custody services and has become a leader in crypto staking, enabling clients to earn rewards on their digital assets.

Under the leadership of CEO David Ripley, Kraken Financial distinguishes itself with a suite of advanced trading features, including margin trading and OTC trading, tailored to meet the sophisticated needs of its clientele. While it does not offer crypto ETFs, the bank excels in providing tokenization services, thereby facilitating the conversion of real-world assets into digital tokens. This focus on innovation and the comprehensive range of blockchain services solidifies Kraken Bank’s position as a critical player in integrating traditional banking with the digital asset space, making it a go-to institution for retail and institutional clients seeking to navigate the complexities of the crypto market.