Kraken is a bitcoin exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen.

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, a partner in the first cryptocurrency bank, and one of the first exchanges to offer leveraged bitcoin margin trading.

Kraken was founded in Jul 2011 by Jesse Powell and is based in San Francisco, California.

Kraken’s clients also trade US dollars, Canadian dollars, British pounds, Japanese yen and other digital currencies, including ether, on a platform consistently rated the best and most secure bitcoin exchange by independent news media.

Kraken is trusted by millions of traders, institutions, and authorities across the world, from Toyko’s court-appointed trustee to Germany’s BaFin regulated Fidor Bank.

Kraken's reputation for security was challenged amidst 2016's buildout of partnerships and acquisitions. Multiple claims emerged in the latter half of July via news media and social networks that clients’ accounts had been compromised and funds stolen.

Kraken is backed by investors including SBI Investment, Money Partners Group, Hummingbird Ventures, Blockchain Capital, and Digital Currency Group, among others. The company has also acquired Cryptowatch, CleverCoin, Cavirtex, Glidera, Coinsetter and CryptoFacilities to date.


Kraken was valued at a staggering $4B during it's recent "Series C" funding of a $100M from Hummingbird Ventures in Feb 4, 2019.



  • Year founded: 2011
  • Funding Info: $111.5M in 5 Funding Rounds (Last Funding Type: Series C)- Kraken has also Cryptowatch, CleverCoin, Cavirtex, Glidera, Coinsetter and CryptoFacilities to date.
  • Yearly Revenue: $50M-$100M (2018)
  • Employee Size: 51-200
  • Business Valuation: Valued at $4B as of Feb 4, 2019
  • City/Town: San Francisco
  • State: California
  • Country: United States
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