ArbiLayer
Centralized exchangeProof of reserves

Kraken

US-based crypto exchange operated by Payward, offering spot, futures, staking and multi-asset trading.

Volume (24h)$507.23MUSDT markets tracked live
Coins678with USDT pairs
Spot / Perp markets1458 / 0tracked by ArbiLayer
Base fees0.02% / 0.05%maker / taker, futures

About Kraken

US-based crypto exchange operated by Payward, offering spot, futures, staking and multi-asset trading.

Spot
Maker0.4%
Taker0.8%
Base tier
USDT-M futures
Maker0.02%
Taker0.05%
Base tier
  • Volume-based tiers down to 0% maker / 0.05% taker (Pro 5, $500M+ 30-day volume)
  • Stablecoin and FX pairs have a separate schedule starting at 0.20% maker / 0.20% taker
  • Holding assets on Kraken can qualify for lower trading fees

Withdrawals: network-dependent, per asset

Kraken Pro fee tiers

VIP program ↗

Tier is based on 30-day trading volume (USD) or assets held on platform.

TierRequirementSpot makerSpot takerFutures makerFutures taker
Tier 1$0+ 30d volume0.4%0.8%0.02%0.05%
Tier 2$2.5K+ 30d volume0.3%0.6%——
Tier 3$10K+ 30d volume0.22%0.38%——
Tier 5$50K+ 30d volume0.15%0.3%——
Tier 6$100K+ 30d volume0.12%0.25%——
Tier 9$1M+ 30d volume0.06%0.18%——
Tier 11$5M+ 30d volume (futures tier 2: ≥ $5M futures volume)0.02%0.12%0.0175%0.045%
Tier 12$10M+ 30d volume (futures tier 3: ≥ $10M futures volume)0%0.1%0.015%0.04%
Pro 2$100M+ 30d volume (futures tier 9: ≥ $100M futures volume)0%0.08%0%0.02%
Pro 5$500M+ 30d spot volume (futures Pro 5: > $5B futures volume)0%0.05%-0.006%0.0125%

Proof of reserves

✓ Reserves verifiedReport ↗
Proof of reserves
Published
Snapshot
Jun 30, 2026
Method
Merkle tree of client balances plus on-chain asset verification, reviewed by an independent third-party accountant
Frequency
Periodic (regular reviews; exact schedule not stated)
  • BTC 102.9%
  • ETH 100.5%
  • SOL 100.6%
  • XRP 102.3%
  • ADA 100.3%
  • USDC, USDT, USDG 105%+

Company

Founded
2011
Headquarters
San Francisco, United States (parent company Payward, Inc.)

Founders

JPJesse PowellCo-founder
TLThanh LuuCo-founder
MGMichael GronagerCo-founder

Leadership

ASArjun SethiCo-CEO
DRDave RipleyCo-CEO

Products

SpotKraken ProFutures and perpetualsMarginStakingUS stocks and ETFsTokenized equities (non-US)Institutional/OTC

Licences & registrations

MiCA CASP (Central Bank of Ireland)E-Money Institution (Central Bank of Ireland)MiFID investment firm (CySEC, Cyprus)UK FCA: registered cryptoasset firm, EMI, and authorised investment firm (Crypto Facilities)US FinCEN MSB; Wyoming SPDI charter (Kraken Financial); SEC/FINRA broker-dealer (Kraken Securities); CFTC-registered FCMCanada: restricted dealer and FINTRAC MSBAustralia: AUSTRAC DCE and AFSLBermuda BMA Class F digital asset business licenceArgentina CNV VASP registration

Not available in

AfghanistanBelarusCrimea, Donetsk and Luhansk regionsCubaDemocratic Republic of the CongoIranIraqJapanLibyaNorth KoreaRussiaSudanSouth SudanSyria

Incidents & regulatory history

  1. 2026Payward put its IPO plans on hold; listing pushed to mid-2027 at the earliest.
  2. 2025SEC dismissed its lawsuit alleging Kraken operated an unregistered exchange.
  3. 2024Australian court penalty of A$8M against Bit Trade over a margin extension product.
  4. 2023SEC settlement of $30M; US staking-as-a-service discontinued.
  5. 2022OFAC settlement of about $362,000 plus $100,000 compliance investment over Iran sanctions violations.
  6. 2021CFTC settlement of $1.25M over unregistered margin trading.

Volume, last 7 days

7 days agonow

Top markets

ArbiLayer does not track live markets on this exchange yet.
Sources · checked Oct 1, 2026
  1. kraken.com
  2. kraken.com
  3. en.wikipedia.org
  4. support.kraken.com
  5. support.kraken.com
  6. coindesk.com
  7. finder.com
  8. shadcn.io
  9. mobbin.com