โ† Exchanges

Crypto exchange ยท ๐Ÿ‡บ๐Ÿ‡ธ United States

Kraken

San Francisco, USA ยท kraken.com

73.9Sentiment /100โ–ผ 3.0

Does Kraken have a MiCA licence?

โœ“ Authorised ยท MiCA CASP

Yes. Kraken (legal entity Payward Europe Solutions Limited) holds a MiCA crypto-asset service provider (CASP) authorisation - regulated by Central Bank of Ireland (CBI) in Ireland, listed in the official ESMA register. Through MiCA passporting it may legally serve clients across the EU/EEA (30 countries).

Licence details
Licence statusโœ“ Authorised (MiCA CASP)
Legal entityPayward Europe Solutions Limited
Home regulatorCentral Bank of Ireland (CBI)
Country of authorisation Ireland
Official websitekraken.com
SourceESMA MiCA register
Licensed crypto services (8)
Custody & administration of crypto-assets
Safekeeping and administration of crypto-assets on behalf of clients.
Exchange of crypto-assets for funds
Exchanging crypto-assets for fiat currency.
Exchange of crypto-assets for other crypto-assets
Exchanging one crypto-asset for another.
Execution of orders on behalf of clients
Executing buy/sell orders for crypto-assets for clients.
Placing of crypto-assets
Marketing or placing crypto-assets on behalf of an issuer or offeror.
Reception & transmission of orders
Receiving and passing on client orders for crypto-assets.
Portfolio management
Managing crypto-asset portfolios on a discretionary basis.
Transfer services for crypto-assets
Transferring crypto-assets on behalf of clients.
Where you can use Kraken ยท EU/EEA passporting (30)

A MiCA authorisation passports across the whole EU/EEA, so Kraken may legally serve clients in:

Austria Belgium Bulgaria Croatia Cyprus Czechia Denmark Estonia Finland France Germany Greece Hungary Iceland Ireland Italy Latvia Liechtenstein Lithuania Luxembourg Malta Netherlands Norway Poland Portugal Romania Slovakia Slovenia Spain Sweden
โœฆ Sentiment OverviewUpdated every month ยท Aug 19, 2026

Kraken maintains solid customer trust with a 4.4/5 rating across 95,944 reviews. The NeoBase sentiment index stands at 73.9, down 3.0 points week-over-week, reflecting divergence between stable customer perception and media scrutiny around Q2 profitability. Headlines split sharply: revenue growth of 17% drew positive framing, while a 71% profit decline and paused IPO dominated negative coverage, despite trading volume softness across the sector.

Sentiment index

our score ยท updated every month
73.9/100โ–ผ -3.03 vs previous reading
025507510073.925 Jul1 Aug15 Aug

Ratings across platforms

โ˜… 4.4 ยท 96K ยท 3
Trustpilot
3.2โ˜…
8.3K ratings ยท 39% positive
Google Play
4.3โ˜…
54K ratings ยท 83% positive
5M+ installs
App Store
4.7โ˜…
34K ratings ยท 94% positive
Measured August 17, 2026

Rating distribution

All platforms
5โ˜…
75% ยท 72K
4โ˜…
8% ยท 8.0K
3โ˜…
3% ยท 2.5K
2โ˜…
2% ยท 1.8K
1โ˜…
12% ยท 12K

Rating & review volume over time

Trustpilot ยท 3.2โ˜…Google Play ยท 4.3โ˜…App Store ยท 4.7โ˜…Review volume ยท 96K ยท +1.3%
1โ˜…2โ˜…3โ˜…4โ˜…5โ˜…95KJul '26Aug '26Aug '26

Brand sentiment trend

positive sentiment, by platform
Trustpilot ยท 39%Google Play ยท 83%App Store ยท 94%
97%67%37%Jul '26Aug '26Aug '26

Where Kraken's money came from and went

FY2025

Payward, Inc. (Kraken) ยท year ended December 31, 2025Adjusted

Cost-to-income75.9%
Net margin-not comparable on this basis
Biggest costAdjusted operating costs76% of income
Biggest income lineAsset-based and other revenue53% of income
Trading revenue: $1,034mAsset-based and other revenue: $1,166mAdjusted operating costs: $1,669mAdjusted EBITDA: $531.0mTotal inflows$2,200mTrading revenue$1,034mAsset-based and other revenue$1,166mAdjusted operating costs$1,669mAdjusted EBITDA$531.0m
Income and profit keptCosts and tax
Show the figures as a table
Line itemDirectionAmount
Trading revenueIncome and profit kept$1,034m
Asset-based and other revenueIncome and profit kept$1,166m
Total inflows$2,200m
Adjusted operating costsCosts and tax$1,669m
Adjusted EBITDAKept$531.0m

Source: 2025 full-year financial highlights ยท figures in millions, rounded ยท Compare with other fintechs

App screenshots

App Store
Kraken app screenshot 1Kraken app screenshot 2Kraken app screenshot 3Kraken app screenshot 4Kraken app screenshot 5Kraken app screenshot 6

In the media

brand coverage
newscord.org

Payward Reports $508 Million Q2 Revenue Up 17% as Transaction Volume Falls 13%: how 10 outlets framed it

newscord.org ยท 3w ago

Bitcoin World frames a pretax-profit slump and job cuts; Business Wire sticks to metrics and licences. Compared across 10 outlets including...

www.tradingview.com

Kraken parent Payward revenue rises 17% as trading volume falls in Q2

www.tradingview.com ยท 3w ago

Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% year over year despite a decline in crypto...

finance.yahoo.com

Kraken Parent Payward Posts $508M Q2 Revenue, Up 17% Year Over Year

finance.yahoo.com ยท 3w ago

Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% from a year earlier ...

yellow.com

Kraken Parent Payward Sees Profit Crushed 71% With IPO Still Paused

yellow.com ยท 3w ago

Adjusted profit at Kraken parent Payward fell to $23...

beincrypto.com

Kraken is Growing Faster Than Coinbase, Yet Its Profits Crashed 71%

beincrypto.com ยท 3w ago

Payward, the parent of crypto exchange Kraken, made just $23 million in adjusted pretax profit last quarter. That is 71% less than a year...

Latest from social

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Frequently asked questions

Does Kraken have a MiCA licence?

Yes. Kraken (legal entity Payward Europe Solutions Limited) holds a MiCA crypto-asset service provider (CASP) authorisation, regulated by Central Bank of Ireland (CBI) in Ireland and listed in the official ESMA register.

Who regulates Kraken in the EU?

The EU activity of Kraken is authorised and supervised by Central Bank of Ireland (CBI), its home national competent authority under MiCA.

Which crypto services is Kraken licensed for?

Under MiCA, Kraken is authorised for: Custody & administration of crypto-assets, Exchange of crypto-assets for funds, Exchange of crypto-assets for other crypto-assets, Execution of orders on behalf of clients, Placing of crypto-assets, Reception & transmission of orders, Portfolio management, Transfer services for crypto-assets.

In which countries can I legally use Kraken?

A MiCA authorisation passports across the whole EU/EEA, so Kraken may legally serve clients in all 30 EU/EEA member states.

Is Kraken in the ESMA register?

Yes. Payward Europe Solutions Limited appears in ESMA's official register of authorised MiCA crypto-asset service providers, recorded under Central Bank of Ireland (CBI).

Is a MiCA licence the same as a CASP licence?

Yes. MiCA (MiCAR) is the EU regulation; a CASP (crypto-asset service provider) is a firm it licenses. "MiCA register", "CASP register" and "ESMA register" all refer to the same official list.

What are the fees on Kraken?

Kraken spot: 0.16% taker / 0.26% maker for new users. At $50,000+ monthly volume, fees drop to 0.12%/0.20%. Futures: 0.02% maker / 0.05% taker. Kraken Pro offers an advanced interface with a full order book.

Has Kraken ever been hacked?

Kraken has operated since 2011 and is one of the few major exchanges never to have suffered a significant hack or customer fund loss. This security record is one of the primary reasons Kraken is considered one of the safest exchanges in the industry.

Does Kraken offer margin trading?

Yes, Kraken offers margin trading with up to 5x leverage on spot and up to 50x on Kraken Futures. Leveraged products are available only to verified users in eligible jurisdictions. US users have restricted access to futures contracts.

Does Kraken offer corporate accounts?

Yes, Kraken offers accounts for companies, funds and institutions with extended KYB (Know Your Business) verification. Corporate accounts have access to the OTC Desk, dedicated API access and higher transaction limits.

Compare Kraken with similar crypto exchanges

Ratings & sentiment aggregated from Trustpilot, Google Play and App Store - anonymised store metrics only, no individual reviews.

Spotted incorrect data on this page? Let us know.