Cryptocurrency exchange Kraken was launched in 2011 by Jesse Powell and became publicly available in 2013. It is one of the oldest cryptocurrency exchanges still operating, and has built a reputation as a security-conscious exchange, which has made it highly valued in a sea of scammers and fraudulent activity.
One of its early spurts of growth came from the collapse of Mt. Gox, a Japanese bitcoin exchange that ceased operations in 2014 after the theft of hundreds of thousands of bitcoins. Kraken worked with creditors and the Japanese government to help Mt. Gox customers try and find their bitcoins, with a large amount of the customers migrating to Kraken afterwards.
In comparison to a lot of the crypto exchanges in the mid-2010s, Kraken steadily expanded its operations and investments. It was the first crypto exchange on the Bloomberg Terminal, and in 2020 was the first to receive a banking charter in the United States, through the Wyoming Special Purpose Depository.
The exchange has weathered multiple market cycles and regulatory challenges, including a settlement with the SEC over its U.S. staking programme. Today, Kraken remains one of the longest-running global exchanges, offering spot trading, staking, institutional services and an NFT marketplace.
We have collected data and statistics on Kraken. Read on below to find out more. Want to dive deeper into the crypto app industry? Check out our Crypto App report.
Kraken Key Statistics
- Kraken generated $1.5 billion in 2024, a 123% increase on the previous year
- In the same period, Kraken also transacted $660 billion in crypto volume
- Kraken had 1.5 million active users, with 13 million registered since launch
- Kraken had 3.8 million app downloads in 2024, a 72% increase on 2023
- Half of Kraken’s total downloads have come from the United States
Crypto App Report 2025
Want to learn more about the crypto app industry? Our Crypto App report has stats on app financials, market share, users, installs, demographics and benchmarking data.
- Charts: 41
- Data Points: 685
- Apps covered: 11
Kraken Overview
| Title 1 | Title 2 |
|---|---|
| Launch date | 28 July 2011 |
| HQ | San Francisco, California |
| People | Arjun Sethi (co-CEO), Dave Ripley (co-CEO), Jesse Powell (co-founder, chairman) |
| Business type | Private |
| Industry | Cryptocurrency |
Kraken Revenue
Kraken made $1.5 billion revenue in 2024, primarily through spot trading.
Kraken revenue 2020 to 2024 ($mm)
| Year | Revenue ($mm) |
|---|---|
| 2020 | 261 |
| 2021 | 865 |
| 2022 | 660 |
| 2023 | 671 |
| 2024 | 1500 |
Sources: Crypto App Report, Company data
Kraken Transaction Volume
Kraken transacted $660 billion crypto volume in 2024, over double the previous year.
Kraken transaction volume 2020 to 2024 ($bn)
| Year | Transaction volume ($bn) |
|---|---|
| 2020 | 100 |
| 2021 | 600 |
| 2022 | 300 |
| 2023 | 220 |
| 2024 | 660 |
Sources: CoinGecko, Company data
Kraken Users
Kraken had 1.5 million active users, who trade crypto regularly on the platform.
Kraken users 2020 to 2024 (mm)
| Year | Users (mm) |
|---|---|
| 2020 | 0.5 |
| 2021 | 1 |
| 2022 | 0.6 |
| 2023 | 0.8 |
| 2024 | 1.5 |
Sources: Crypto App Report, Company data
Kraken Downloads
Close to four million people downloaded Kraken in 2024, the same amount as it had in 2021.
Kraken app downloads 2021 to 2024 (mm)
| Year | Downloads (mm) |
|---|---|
| 2021 | 3.8 |
| 2022 | 1.4 |
| 2023 | 2.2 |
| 2024 | 3.8 |
Sources: Appfigures, AppMagic
Kraken Downloads by Country
About half of Kraken’s downloads come from the United States. A further 8% were from the UK, and 6% from Canada.
Kraken app downloads by country 2024 (%)
| Country | Downloads (%) |
|---|---|
| United States | 50% |
| United Kingdom | 8% |
| Canada | 6% |
| Germany | 4% |
| France | 3% |
| Spain | 3% |
Source: AppMagic
Finance App Market Landscape
The finance app market can be classified into several distinct subcategories, all of which contribute hundreds of billions of dollars in transaction volume every year. Kraken is one of the key cryptocurrency exchanges in the United States. You can download the map as a PDF, which includes a landscape version for presentations.
Crypto Exchange App Revenue
The crypto exchange industry generated $56 billion revenue in 2024, a new peak.
Cryptocurrency exchange revenue 2018 to 2024 ($bn)
Want to learn more? Check out our Crypto App Report
Kraken FAQ
Who owns Kraken?
Kraken is owned by Paywall, a US privately held firm founded by Kraken co-founder Jesse Powell.
