We’re thrilled to announce that Kraken ranked #2 globally in Kaiko’s Q2 2025 Trade Rating, up from our #3 spot in Q1.
This advance displays what our international neighborhood already is aware of: We aren’t simply one of many world’s main crypto exchanges, we’re a platform that’s consistently enhancing, evolving and pushing the trade ahead.
Kaiko’s change rating is among the many most rigorous within the house, providing a data-driven evaluation throughout a number of core dimensions, together with market high quality, authorized and regulatory compliance, safety practices and transparency requirements.
Kraken carried out effectively throughout all of those classes, with particularly robust marks in market depth, order guide consistency, regulatory footprint and information openness. This report highlights not simply the place we stand right now, however how our long-term technique continues to ship for merchants, establishments and crypto-native builders alike.
First off, who’s Kaiko?
Kaiko is a number one supplier of cryptocurrency market information, analytics and indices, providing companies institutional-grade, regulatory-compliant options. These options are utilized by Kaiko Indices to conduct its unbiased quarterly evaluation of spot cryptocurrency exchanges, rating them primarily based on varied elements, together with liquidity.
Right here’s a breakdown of why Kraken was ranked the #2 international change by Kaiko.
Persistently wonderful and solely getting higher
From day one, Kraken has been constructed with a transparent function: To speed up the worldwide adoption of cryptocurrency whereas elevating the bar for belief, reliability and repair within the trade. Being acknowledged as Kaiko’s #2 international change is a validation of that mission.
However this isn’t a victory lap. It’s a milestone on a for much longer journey.
What distinguishes Kraken isn’t only one energy, it’s many, together with our product efficiency, threat administration and client-first tradition.
Let’s take a more in-depth take a look at how our values align with the factors Kaiko evaluates:
🧩 Market high quality: Deep liquidity, tight spreads, actual quantity
Within the class of market high quality, Kaiko assesses how exchanges help value discovery, cut back slippage and keep liquid books throughout pairs and time zones.
At Kraken, we’ve constructed one of many deepest and most steady liquidity swimming pools in crypto. Our professional-grade infrastructure handles billions of {dollars} in each day quantity, with ultra-fast execution and minimal downtime. We help superior order varieties and supply deep books throughout spot, margin and derivatives markets – all whereas sustaining persistently tight spreads and low latency.
Shoppers, from retail merchants to establishments, depend on Kraken as a result of we offer true market depth (not inflated metrics). Our quantity is actual, our spreads are aggressive and our uptime is world-class.
🛡️ Safety and compliance: At all times forward of the curve
We now have lengthy set the benchmark for safety and compliance in crypto, largely due to our a number of, global-market licenses and registrations, our robust operational observe report and our continued funding in compliance and consumer safety.
Kaiko’s rating incorporates each regulatory posture and safety controls. We deal with regulation as a path to legitimacy, not a burden. We’re registered in a number of main jurisdictions, together with the U.S., U.Ok., EU, Canada, Australia and past.
Our consumer fund safeguards, storage protocols and common penetration testing guarantee we meet (and infrequently exceed) institutional safety expectations. For this reason Kraken is trusted by governments, hedge funds, asset managers and high-volume merchants worldwide.
🔍 Transparency: Clear information, actual metrics, sincere communication
Kaiko additionally weighs information openness and transparency – values which might be woven into Kraken’s DNA. We publish real-time market information, historic feeds, proof of reserves attestations, and clear API entry throughout all merchandise.
The place others could obscure quantity, mislead with artificial metrics, or delay disclosures, Kraken believes in openness by default. We again our claims with verifiable info – and in crypto, that’s every little thing.
We’re additionally one of many first main exchanges to help common third-party audits, enabling shoppers to independently confirm that their property are backed 1:1. Transparency isn’t only a function. It’s a duty we’ve embraced from day one.
🚀 Momentum that issues
Whereas we’re honored to carry the #2 place globally, what excites us most is the path we’re heading. In This fall of 2024, Kraken was within the prime 5. In Q1 2025, we moved as much as #3. Now, in Q2, we’ve risen once more – and we’re not slowing down.
That type of sustained momentum is just attainable due to the Kraken crew’s unwavering deal with:
- Shopper-first innovation, from intuitive UX to superior buying and selling options
- Resilience and safety at each layer of the stack
- World enlargement with regulatory alignment
- Open and sincere engagement with our customers and the broader ecosystem
We’re proud to be constructing a platform that helps the way forward for finance – the subsequent billion folks coming into crypto.
Constructed for the long term
Kraken’s rise in Kaiko’s rating is the results of years of centered effort, values-driven selections and neighborhood belief. However our work isn’t completed. We are going to proceed to innovate, pay attention and lead with integrity.
Whether or not you’re a brand new dealer or an skilled establishment, we’re dedicated to providing you with the instruments, safety, and transparency you could thrive in crypto. Thanks to our shoppers, our companions, and the Kraken crew for serving to us attain this milestone. We’re proud to be #2 — and extra pushed than ever to construct what comes subsequent.
