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 group 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 business 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 nicely throughout all of those classes, with particularly robust marks in market depth, order e-book consistency, regulatory footprint and information openness. This report highlights not simply the place we stand in the present day, 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 based mostly on numerous 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 goal: To speed up the worldwide adoption of cryptocurrency whereas elevating the bar for belief, reliability and repair within the business. 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, danger administration and client-first tradition.
Let’s take a better have 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 assist worth discovery, scale back slippage and keep liquid books throughout pairs and time zones.
At Kraken, we’ve constructed one of many deepest and most secure liquidity swimming pools in crypto. Our professional-grade infrastructure handles billions of {dollars} in every day quantity, with ultra-fast execution and minimal downtime. We assist superior order sorts 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: All the time forward of the curve
We’ve 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 monitor document 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 sometimes exceed) institutional safety expectations. That is why 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 all the pieces.
We’re additionally one of many first main exchanges to assist common third-party audits, enabling purchasers to independently confirm that their belongings are backed 1:1. Transparency isn’t only a characteristic. 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 course we’re heading. In This autumn 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 sort of sustained momentum is simply attainable due to the Kraken crew’s unwavering concentrate on:
- Consumer-first innovation, from intuitive UX to superior buying and selling options
- Resilience and safety at each layer of the stack
- International 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 following billion individuals coming into crypto.
Constructed for the long term
Kraken’s rise in Kaiko’s rating is the results of years of targeted effort, values-driven choices and group 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 supplying you with the instruments, safety, and transparency you might want to thrive in crypto. Thanks to our purchasers, 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.
