what's kraken?
Kraken is a leading cryptocurrency exchange platform founded in 2011, designed to provide secure and reliable trading services for digital assets. Its primary purpose is to facilitate the buying, selling, and storage of cryptocurrencies while bridging traditional finance with the crypto ecosystem. Key features include spot and margin trading for over 200 cryptocurrencies, futures trading via Kraken Pro, staking rewards, and support for multiple fiat currencies like USD, EUR, and GBP. The platform emphasizes security with features like two-factor authentication, cold storage for funds, and regular proof-of-reserves audits. Kraken also offers advanced tools such as API integrations for analytics and automated trading, and it has expanded into institutional services and NFT marketplaces. Recently, it has focused on user growth through promotions, new token listings, and integrations with networks like Aptos for assets such as USDT.
Kraken integrates for yield, cross-chain, automated trading, and lists new assets.
Links
x.com/krakenfxIntegrated with Aave to provide yield products to users through its platform.
Integrated with LI.FI protocol infrastructure to power cross-chain and yield aggregation features.
Listed MAGIC•INTERNET•MONEY for trading.
Integrated with Finestel for automated trading strategies, copy trading, signal bots, multi-account management, and unified terminal access.
Ink network is being integrated by MRDN project.
Received $200M from Deutsche Börse for 1.5% stake in parent company Payward, valuing at $13.3B, expected to close Q2 2026.
Dealt with extortion attempt by two removed support staff who accessed user accounts and exposed customer information, occurring over a 24-hour period ending April 14, 2026. Will not pay ransom; no systems breached, client funds secure, working with federal law enforcement.
Two support team members, recruited by criminals, exposed client data from ~2,000 accounts on criminal forums in two separate incidents, including one in Feb 2025. Discovered via external tips; no systems breached, no funds at risk; access terminated, security measures implemented.
Launched traditional finance futures trading (S&P 500, Nasdaq 100, gold, oil, and FX futures) on Kraken Pro for eligible EU clients.
Chaos Veda_labs Vaults on Kraken DeFi Earn crossed $45M in total value locked.
Hosted a hackathon, launched a colocation service, and conducted a closed-door institutional forum as recent activities.
Offers staking services for NEAR with up to 5% APY for bonded staking and up to 2.5% APY for Auto Earn.
Opens spot trading for Quai Network token on the exchange.
Released Kraken CLI v0.3.0 with futures paper trading and real market data, expanding total commands to 151.
Collaborated with U.S. and U.K. authorities and other crypto firms including Coinbase in "Operation Atlantic" to trace and freeze millions in stolen funds linked to crypto scams and fraud.
Integrated with HeyAnon AI agent platform through Model Context Protocol (MCP) connection to enable automated trading and DeFi operations.
Listed BONZO token for trading.
Listed PEPECOIN trading pairs including PEPECOIN/EUR for international and European markets.
Integrated infrastructure with Pieverse to enable trading, staking, and account workflows accessible through messaging apps via Purr-Fect Claw.
Acquired Backed Finance, the parent company of Backed Assets (JE) Ltd which issues xStocks, through parent company Payward.
Provides distribution for Morpho protocol deposits alongside Coinbase.
Listed GIB token for trading.
Promoted Robert Moore from deputy CFO to chief financial officer at parent company Payward after he led the NinjaTrader acquisition.
Listed OKB for spot trading on the platform.
Increased spot trading volume by 30.2% in Q1 2026 compared to Q4 2025.
Kraken Financial received Federal Reserve approval as the first digital asset bank with direct access to US payment systems; master account active Dec 2025-Mar 2026.
Integrated Smart Router, developed by Magma and built on Lava Network's protocol.
Launched tokenized equities offering up to 1% rewards through an opt-in program.
Participated in a panel discussion on issuing and settlement in the stablecoin space at the FintechMeetup Digital Assets stage with M0, Rain, and BVNK Finance.
Sold 11,416 BTC worth approximately $600 million in a three-hour period ending on 2026-04-02.
Four wallets withdrew a total of 32,879 ETH (valued at $69M) from Kraken on 2026-04-01.
Acquired Breakout, a trading evaluation and funding platform founded by @tradermayne.
Hosts SYND Trading Challenge on its platform
Listed VCXx token for trading on the platform.
CCO participated in a panel discussion at #links26 conference on April 1, 2026, alongside Binance and OKX executives, discussing AI-enhanced blockchain intelligence tools for compliance.
Offers VIP clients 10% APY on Global Dollar (USDG) stablecoin staking, starting April 6, 2026 until June 8, 2026.
Runs a giveaway promotion offering 5 tickets to the Miami race and 1 Bitcoin as prizes.
Listed USDe stablecoin on Kraken Pro, offering automatic rewards up to 4.25% APY through Kraken+ program with no lockups as a limited-time offer for eligible users. Integrated as a counterparty for institutional triparty collateralized lending to support USDe backing, alongside Coinbase and Anchorage.
Added five new margin trading pairs: BNB/EUR, W/EUR, HYPE/EUR, HBAR/EUR, and JUP/EUR, expanding the margin trading offering to over 250 pairs.
Kraken whale lost 8,662 ETH ($18.2M) to targeted social engineering scam; attacker bridged 878 ETH ($1.78M) to 26.5 BTC via THORChain and deposited 5,347.9 ETH into HitBTC on March 31, 2026.
Hosts AI trading hackathon with lablabai, offering $5,000 in prizes for building AI trading agents. Prize pools include trading ($1,800/$750/$450) and social ($1,200/$500/$300) categories, for agents trading crypto, stocks, and forex.
Kraken's DeFi product powered by Privy has reached over $150 million in deposits.
Listed BASED/USD spot trading pair on March 30, 2026.
Listed SCOR token for trading.
Enabled USDC and USDT deposits and withdrawals on Sei EVM.
Lists RIVER token for trading.
Received top crypto platform recognition from Finder and WeMoney in Australia for the third consecutive year (2024, 2025, and 2026).
Attracts most volume to Kraken Earn's 1-day withdrawal vault, reflecting demand for yield quality over instant access, discussed at BlockworksDAS.
Launched Split Bill feature on Krak mobile app.
Released refreshed home screen design on Krak mobile app.
Listed $SHAPE token for trading.
Sold 11,416 BTC in a 30-minute period ahead of US market open on March 27, 2026.
Launched Kraken-backed perpetuals DEX, $INK token, and Ink Points airdrop program Season 1 on April 13, 2026 for Ink blockchain users and Kraken account holders, with weekly snapshots converting to $INK at TGE.
Integrated LI.FI Protocol's API for cross-chain transfers, swaps, perps, and yield-discovery, accessing hundreds of blockchains and thousands of assets.
ONDO Finance integrated with Kraken for tokenized stocks and ETFs distribution, with Kraken Pro rewarding US users up to 2% back in USDG until 2026-03-31.
Launched Dual Investments product on Kraken Pro, integrating with STS Digital as first exchange partner for structured products. Offers fixed APR with payout terms based on user-selected target price across 400 tokens for retail and institutional traders.
Two wallets withdrew 67,110 ETH ($144 million) from Kraken on 2026-03-24.
Powers a production chain within the OP Stack ecosystem, which supports 50+ chains, $5B TVL, and handles 57% of L2 transactions.
Acquired 8,611 BTC following the US-Iran ceasefire deal as part of coordinated institutional accumulation totaling $4.5B across multiple exchanges.
Pulled IPO for third time in week ending March 23, 2026.
Launched 'The Crypto Closeout', a weekly live YouTube show in collaboration with NinjaTrader.
Abraxas Capital deposited $70,330,000 in BTC to Kraken on 2026-03-20.
Co-CEO Dave Ripley will speak at Bitcoin 2026 conference.
Acquired a futures exchange with a Uniswap-style liquidity model for $100M from Tom Sosnoff.
Raised funding at a $20 billion valuation in November 2025.
Acts as one of the distribution platforms for FTX Recovery Trust's $2.2B fourth creditor payout, starting March 31, 2026, with fund delivery within 1-3 business days.
Launched instant USD withdrawal for US clients, 24/7 including weekends and holidays; released Desktop version 1.14.0 with chart setup upgrades.
Participated in a panel discussion on "Blockchain Meets Banking" at Transform Finance's FinCrime Leaders Summit UK in London alongside UK banks and TRM Labs.
Launched TradFi futures (gold, S&P 500, oil, Nasdaq 100) and crypto futures, including RAVE perpetuals, on Kraken Pro for eligible EU clients, with up to 20x leverage and 23/5 market access.
Launched tGBP earning program offering 2% APY, 3.75% for Kraken+ subscribers, and a 4% promotional APY for Kraken+, with no lockups and full tradability.
Launched a promotional campaign offering Miami Race weekend tickets to users who trade $10 or more, with prizes including 2 tickets for 3 days trackside at the Atlassian Williams F1 Miami Grandstand.
Launched DeFi Earn product with Chaos Labs' Chaos AI powering vault strategies, oracles, and analytics.
Listed KAT token on Kraken March 18, 2026 (TGE)
Launched 70 TradFi futures markets (S&P 500, Nasdaq-100, gold, oil, FX pairs), 10,000+ synthetic trading pairs, and 290+ crypto perpetuals on Kraken Pro, adding three new margin trading pairs: 0G/USD, SKY/USD, QNT/USD.
Crossed $40M deposits in Chaos Labs' Balanced/Boosted vault strategies on Kraken DeFi Earn.
Recorded $39M in xStocks trading volume for February 2026.
Reached cumulative $353M in total tokenized equities volume.
Partnered with Blockworks for buy buttons on asset pages and with JasonYanowitz on March 13, 2026.
Backed Eightco in a $125M funding round through parent company Payward alongside BitMine and Ark Invest.
A whale withdrew $93M worth of Ethereum in a single transaction from Kraken.
Listed PI for spot trading on March 13, 2026. Received approval from Kansas City Fed for limited-purpose account access to Federal Reserve payment systems, questioned by U.S. Rep. Maxine Waters.
Listed PACK token for trading.
A wallet linked to DNA Fund withdrew 11,067 ETH ($22.83M) from Kraken on 2026-03-12.
Released open-source CLI for AI agents, supporting 134 commands for spot, forex, derivatives, paper trading, staking, and streaming operations. Integrates with SYRA's trading agentic infrastructure layer, offers native MCP support, and is compatible with Claude Code, Cursor, and Codex.
Received a $25 million deposit into Kraken Earn's Advanced Strategies from Euler's syrupUSDC vault on March 10, 2026.
Ledger researchers identified a MediaTek processor exploit in Kraken Wallet on Android phones, allowing physical access to extract PINs and seed phrases in 45 seconds.
Whale withdrew 73,745 ETH from Kraken over a 3-day period, accumulating 80,159 ETH ($166M) total over 4 days ending March 14, 2026, at an average price of $2,079 across 4 wallets.
Partnered with Magna Digital to power industry networking events, starting with ETHCC in Cannes.
Attended FIA Boca derivatives conference in March 2026, discussed prediction markets, perpetuals, 24/7 markets, and regulatory harmonization.
Listed ALEO perpetual futures trading.
Achieved a BeaconScore of 99.5849% for Ethereum staking over the 30-day period ending on 2026-03-10, ranking third among top performers and 0.32 percentage points above the network average of 99.2621%.
Expanded into broader CeFi ecosystems including Kraken and Hyperliquid as distribution channels for mETH liquid staking token.
Head of Compliance Stavros Vassiliades speaks at Vision Forex Forum in Cyprus on 2026-03-19, covering cross-border compliance, AML and leverage rules, crypto/CFD convergence, client protection, and scaling compliance with AI and automation.
Listed Fractal Bitcoin (FB) as WFB (ERC-20) for spot trading on March 10, 2026.
Eyes tokenized stocks for potential listing or trading integration.
Launched native, USDC, and USDT0 deposits and withdrawals on Sei EVM.
Launched Payward Services platform, logging $25B volume ($4B on-chain). Features xStocks for tokenized equities/perpetuals, including Fundrise's VCX fund tokenization for SpaceX, OpenAI, and Anthropic exposure; Dual Investments on Kraken Pro; and Krak app with Metal card, supporting IBAN transfers and crypto send/receive.
Identified as one of Privy's fastest growing customers for DeFi services.
DeFi Earn deposits reached $125M, powered by Aave through automated DeFi vault strategies.
Listed OPN perpetual futures with up to 20x leverage on Kraken Pro.