Founded in 2011, Kraken was the first bitcoin exchange to have its market data displayed on the Bloomberg Terminal, the first to pass a cryptographically verifiable proof-of-reserves audit, and one of the first exchanges to offer leveraged bitcoin margin trading.

Kraken is trusted by millions of traders, institutions, and authorities across the world, from Tokyo’s court-appointed trustee to Germany’s BaFin regulated Fidor Bank. As in 2021, Kraken is the second largest US based crypto exchange in terms of daily trading volume with $3B daily trading volume compared to $8B daily trading volume on Coinbase which is the largest US based crypto exchange. Kraken and Coinbase control a high share of crypto trading volume in USA because both offer robust security features.

In January 2016, Kraken announced that it was acquiring prominent bitcoin exchanges Coinsetter and Cavirtex to expand into American and Canadian markets.
In 2019 Kraken acquired Crypto Facilities, a registered futures platform. 

Kraken’s clients also trade USD, CAD, ETH, LTC and other digital currencies. 

Kraken is backed by Money Partners Group, Hummingbird Ventures, Blockchain Capital, and Digital Currency Group, among others.

Funding History: In March 2014, Kraken received $5M Series A Investment. Further, in Feb 2019, Kraken had announced that it raised $100M in a direct offering at $4BN valuation.