Kraken is one of the largest and oldest cryptocurrency exchanges in the United States, second only to Coinbase. Founded in 2011 by Jesse Powell, Michael Gronager, and Thanh Luu, the platform serves over 13 million users globally across 190+ countries. Kraken provides a comprehensive suite of crypto trading services including spot trading, futures, margin trading up to 10x leverage, staking solutions, and institutional services. The company acquired NinjaTrader for $1.5 billion in 2025 to expand into regulated futures and options trading. Kraken relocated its headquarters from San Francisco to Cheyenne, Wyoming, and holds over 100 licenses worldwide. The company reported $2.2 billion in revenue for 2025 with $531 million in EBITDA, processing over $2 trillion in trading volume. Kraken operates with a remote-first workforce and confidentially filed for a U.S. IPO in November 2025, targeting a 2026 public listing.

Company Profile

Founders & Key People

Investors

Products

• Spot Exchange
• Kraken Pro
• Futures
• Margin Trading
• Staking
• Kraken Wallet
• Kraken Securities
• NinjaTrader
• xStocks

Competitors

cryptocurrencycrypto exchangedigital assetsblockchainfintechtrading platformstakingfutures trading

Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.