KRAKEN LEGAL DISCLOSURES

Last updated: May 30, 2022

PLEASE READ THESE LEGAL DISCLOSURES CAREFULLY. BY ACCESSING OR USING THE SERVICES, YOU AGREE TO BE LEGALLY BOUND BY THESE DISCLOSURES.

Digital Assets. The term &ldquo;digital asset(s)&rdquo; does not refer to any legal or regulatory category under any national framework. The value of digital assets can be volatile and there can be a substantial risk that you lose money buying, selling, holding, or investing in digital assets. Each digital asset has unique features and you should research and understand an asset before you trade. Kraken is not an affiliate of the project teams of digital assets listed on Kraken&rsquo;s platform.

Not Investment Advice. The information about digital assets on any Kraken website (including <a href="https://www.kraken.com">www.kraken.com</a> and <a href="https://blog.kraken.com">blog.kraken.com</a>), the Kraken exchange, e-mails, or any other communications is for general information purposes only. Kraken does not provide investment, tax, or legal advice, and you are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance. The information should not be construed as a recommendation or solicitation to buy, sell, stake, or hold any digital asset or to open an account or engage in any specific trading strategy. You should consult your financial advisor, or legal or tax professional regarding your specific situation and financial condition and carefully consider whether trading, staking, or holding digital assets is suitable for you.

Kraken Ventures. Kraken holds tokens on its balance sheet for operational purposes or other reasons. Kraken Ventures, in which Kraken is a limited partner, is an investor in certain tokens. Kraken may therefore benefit from listing certain tokens on the platform. However, Kraken Ventures may be subject to a contractual lock-up for a period of time after its investment during which it cannot sell the tokens. All tokens, regardless of whether held by Kraken or Kraken Ventures, are subject to the same strict review process and guidelines in determining whether to make them available to trade on Kraken.&nbsp;

No Insurance. Digital assets and Kraken accounts are not covered by insurance against losses.&nbsp; They are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections in the United States or the protections of any comparable organization anywhere in the world.

FURTHER DISCLOSURES RELATED TO LICENSES&nbsp;

Last updated: Jun 24, 2022

NMLS ID #2029266

DISCLOSURE FOR CLIENTS IN THE UNITED KINGDOM&nbsp; 
Payward Limited, doing business as Kraken, is <a href="https://register.fca.org.uk/s/search?predefined=CA">registered</a> with the Financial Conduct Authority (FCA) in the United Kingdom as a cryptoasset business with effect from 22 November 2021 under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, amended (MLRs) subject to conditions. 
The digital asset exchange and custody services are provided to you by Kraken as a registered cryptoasset business in the United Kingdom. However, as most cryptoassets are not specified investments under the Financial Services and Markets Act 2000 (FSMA), you will not be protected by the Financial Ombudsman Service or the Financial Services Compensation Scheme and you will have no recourse to the above-mentioned services in the event of a complaint relating to Kraken.

DISCLOSURE FOR CLIENTS OF PAYWARD MENA HOLDING LIMITED 
Virtual Assets can be volatile and may not be suitable for everyone. Please ensure you fully understand the risks involved. Payward MENA Holding Limited does not issue advice, make recommendations or opinions in relation to acquiring, holding or disposing of Virtual Assets. Payward MENA Holding Limited is not a financial advisor and all services are provided on an execution only basis. Payward MENA Holding Limited is a company registered at Unit 1, Floor 7, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE, and is authorized and regulated by the Financial Services 
Regulatory Authority (Financial Services Permission Number 190008)&nbsp; under the laws of Abu Dhabi Global Market.

Es importante leer y comprender los riesgos de invertir en criptoactivos, que se explican en detalle a continuaci&oacute;n:

Producto de inversi&oacute;n de alto riesgo

El valor de las inversiones y el rendimiento obtenido de las mismas puede experimentar significativas variaciones al alza y a la baja, pudiendo perderse la totalidad del importe invertido.

Las inversiones en proyectos en etapas tempranas suponen un alto nivel de riesgo, por lo que resulta necesario entender adecuadamente su modelo de negocio.

Los criptoactivos del &aacute;mbito de esta Circular no est&aacute;n cubiertos por mecanismos de protecci&oacute;n al cliente como el Fondo de Garant&iacute;a de Dep&oacute;sitos o el Fondo de Garant&iacute;a de Inversores.

Los precios de los criptoactivos se constituyen en ausencia de mecanismos que aseguren su correcta formaci&oacute;n, como los presentes en los mercados regulados de valores.

Muchos criptoactivos pueden verse carentes de la liquidez necesaria para poder deshacer una inversi&oacute;n sin sufrir p&eacute;rdidas significativas, dado que su circulaci&oacute;n entre inversores, tanto minoristas como profesionales, puede ser muy limitada.

Riesgos propios de la tecnolog&iacute;a

Las tecnolog&iacute;as de registros distribuidos se encuentran todav&iacute;a en un estadio temprano de maduraci&oacute;n, habiendo sido muchas de estas redes creadas recientemente, por lo que pueden no estar suficientemente probadas y existir fallos significativos en su funcionamiento y seguridad.

El registro de las transacciones en las redes basadas en tecnolog&iacute;as de registros distribuidos funciona a trav&eacute;s de protocolos de consenso que pueden ser susceptibles a ataques que intenten modificar dicho registro y, en caso de tener &eacute;xito estos ataques, no existir&iacute;a un registro alternativo que respalde dichas transacciones ni por tanto a los saldos correspondientes a las claves p&uacute;blicas, pudi&eacute;ndose perder la totalidad de los criptoactivos.

Las facilidades de anonimato que pueden aportar los criptoactivos los convierten en un objetivo para los ciberdelincuentes, ya que en el caso de robar credenciales o claves privadas pueden transferir los criptoactivos a direcciones que dificulten o impidan su recuperaci&oacute;n.

La custodia de los criptoactivos supone una responsabilidad muy relevante ya que pueden perderse en su totalidad en el caso de robo o p&eacute;rdida de las claves privadas. Se identificar&aacute; la entidad que realiza la custodia de los criptoactivos publicitados, el pa&iacute;s en el que la realiza y el marco jur&iacute;dico aplicable

Riesgos legales 

La aceptaci&oacute;n de los criptoactivos como medio de cambio es a&uacute;n muy limitada y no existe obligaci&oacute;n legal de aceptarlos.

Cuando el proveedor de servicios no se encuentra localizado en un pa&iacute;s de la Uni&oacute;n Europea la resoluci&oacute;n de cualquier conflicto podr&iacute;a resultar costosa y quedar fuera del &aacute;mbito de competencia de las autoridades espa&ntilde;olas.

Cuando el inversor no disponga de los criptoactivos, estando en monederos digitales (&laquo;wallets&raquo;) del proveedor de servicios, y sin acceso a las claves privadas de los mismos, se indicar&aacute; esta situaci&oacute;n y se describir&aacute;n los derechos del inversor sobre estos criptoactivos.

INFORMACI&Oacute;N PARA CLIENTES EN ESPA&Ntilde;A

Kraken is the number one rated cryptocurrency exchange for privacy and security. See our legal disclosures here.

Disclosures

How to Buy 0x (ZRX)

What is 0x? (ZRX)

What is 1inch? (1INCH)

How to Buy Aave (AAVE)

How to Sell Aave (AAVE)

What is Aave? (AAVE)

How to Buy Aavegotchi (GHST)

What Is Aavegotchi? (GHST)

How to Buy Acala (ACA) 

How to Sell Acala (ACA)

What is Acala? (ACA)

How to Buy Akash (AKT)

How to Sell Akash (AKT)

What is Akash? (AKT)

What is Akropolis? (AKRO)

How to Buy Algorand (ALGO)

How to Sell Algorand (ALGO)

What is Algorand? (ALGO)

What is Ampleforth? (AMPL)

How to Buy Ankr (ANKR)

What is Ankr? (ANKR)

How to Buy Aragon (ANT)

How to Sell Aragon (ANT)

What is Aragon? (ANT)

What is Arweave? (AR)

How to Buy Augur (REP)

How to Sell Augur (REP)

What is Augur? (REP)

What is Avalanche? (AVAX)

How to Buy Axie Infinity Shards (AXS)

What is Axie Infinity? (AXS) 

What is Badger DAO (BADGER)?

How to Buy Balancer (BAL)

How to Sell Balancer (BAL)

What is Balancer? (BAL)

How to Buy Bancor (BNT)

What is Bancor? (BNT)

What is Band Protocol? (BAND)

How to Buy Basic Attention Token (BAT)

How to Sell Basic Attention Token (BAT)

What is Basic Attention Token? (BAT)

What is Bifrost? (BNC)

What is BitTorrent? (BTT)

How to Buy Bitcoin (BTC)

How to Sell Bitcoin (BTC)

What is Bitcoin? (BTC)

What is Lightning Network?

What is Taproot?

How to Buy Bitcoin Cash (BCH)

How to Sell Bitcoin Cash (BCH)

What is Bitcoin Cash? (BCH)

Reddit Coins Landing Page

What is Reddit's BRICK token?

How to Buy Cardano (ADA)

How to Sell Cardano (ADA)

What is Cardano? (ADA)

What is Cartesi? (CTSI)

What is Celo? (CELO)

What is Celsius? (CEL)

What is Centrifuge? (CFG)

How to Buy Chainlink (LINK)

How to Sell Chainlink (LINK)

What is Chainlink? (LINK)

What is Chiliz? (CHZ)

How to Buy Compound (COMP)

How to Sell Compound (COMP)

What is Compound? (COMP)

How to Buy Cosmos (ATOM)

How to Sell Cosmos (ATOM)

What is Cosmos? (ATOM)

How to Buy Covalent Query Token (CQT)

What is Covalent? (CQT)

How to Buy Curve (CRV)

How to Sell Curve (CRV)

What is Curve? (CRV)

How to Buy Dai (DAI)

How to Sell Dai (DAI)

What is Dai? (DAI)

How to Buy Dash (DASH)

How to Sell Dash (DASH)

What is Dash? (DASH)

How to Buy Decentraland (MANA)

How to Sell Decentraland (MANA)

What is Decentraland? (MANA)

What is Decred? (DCR)

What is DigiByte? (DGB)

What is district0x? (DNT)

How to Buy Dogecoin (DOGE)

How to Sell Dogecoin (DOGE)

What is Dogecoin? (DOGE)

How to Buy EOSIO (EOS)

How to Sell EOSIO (EOS)

What is EOSIO? (EOS)

What is Elrond? (EGLD)

How to Buy Energy Web Token (EWT)

How to Sell Energy Web Token (EWT)

What is Energy Web Token? (EWT)

How to Buy Enjin (ENJ)

What is Enjin? (ENJ)

How to Buy Enzyme Finance (MLN)

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* You've arrived at the Kraken website. If you have been directed to this page from an external website, the website you visited previously is not created or managed by Kraken.

Pertaining to Japan

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Don’t miss Kraken's Chief Product Officer talking crypto with Kristen Scholer from Cheddar News.

Navigating Crypto Volatility - Jeremy Welch, Chief Product Officer at Kraken

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities.

UK Regulator Warns On Crypto Industry’s Anti-money Laundering Practices

Altcoins have become an increasingly larger part of the crypto market since the beginning of 2021.

&nbsp;

How Altcoins Such as Ether Captured More and More of the Crypto Market

“Bitcoin continues to enjoy the rally that began in August and accelerated through September and October,” said Sui Chung, chief executive of CF Benchmarks, a cryptocurrency benchmarks administrator.

Bitcoin Hits Record as Inflation Hedge Drumbeat Grows Louder

Kraken Digital Asset Exchange Head of Business Operations &amp; Strategy Thomas Perfumo joins Yahoo Finance Live to discuss the top cryptocurrency trends, counterfeiting in the NFT space, and bitcoin volatility.

Kraken strategist talks top crypto trends, NFTs, bitcoin volatility

Hot on the heels of cryptocurrencies, the internet economy has spawned a new virtual gold rush known as non-fungible tokens (NFTs), which are promoted as tradeable digital assets built on the same blockchain technology as bitcoin.

Non-Fungible Tokens More Than a Craze, Says Kraken Boss

Thursday and Friday Kraken’s registered volumes for dogecoin at 71 times their 30-day average.

Dogecoin, Once a Joke, Moves Mainstream

Kraken Bank CEO David Kinitsky discusses the details of the first-ever crypto banking platform.

Digital Asset Exchange Kraken Launching Kraken Bank by End of Year

Kraken is a popular cryptocurrency exchange that surfaced two years after the creation of Bitcoin in 2009.

7 Apps for Crypto Trading If You Don't Want to Use Robinhood

Kraken Head of OTC Trading Juthica Chou discusses the impact of President Joe Biden&rsquo;s executive order, high inflation data and continued geopolitical uncertainty on cryptocurrency markets.

Ukraine, Biden And The Future Of Crypto

Jesse Powell, CEO of bitcoin exchange Kraken, said there “could be some crackdown” on cryptocurrencies.

CEO of a Top Bitcoin Exchange Warns a Crackdown on Cryptocurrencies May Be Coming

The companies include Avanti Bank, which aims to provide custody services for institutional investors in cryptocurrencies, and Kraken, a cryptocurrency exchange platform.

Crypto Firms Want Fed Payment Systems Access—and Banks Are Resisting

Kraken&rsquo;s Chief Legal Officer Marco Santori discusses Bitcoin&#39;s surge and Kraken&#39;s new Proof of Reserves audit. 

&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;

Bitcoin Posts Biggest Jump Since October

The San Francisco-based crypto platform already has a “Kraken Pro” app targeted at professional investors, but its newest product is a bet it can bring in retail traders by facilitating simple transactions like buying $10 of bitcoin.

Robinhood Rival Crypto Exchange Kraken Launches New App

&ldquo;It&rsquo;s possible that macroeconomic concerns, such as the Fed&rsquo;s response to inflation rates, have facilitated more de-risking activity in general,&rdquo; said Juthica Chou, head of OTC options trading at Kraken. &ldquo;The recent price drop, coupled with high volatility, could be leading to further selling as participants look to reduce risk.&rdquo;

Bitcoin Climbs Into Positive Territory After Falling Below $33,000 to a New Low

Coinbase rival Kraken launched a mobile app in the U.S. that allows users to buy and sell more than 50 crypto tokens from their mobile phone. Kraken is the world’s fourth-largest digital currency exchange, in terms of trading volume.

This Week in Apps: WWDC Prep, F8 recap, TikTok Goes After Biometric Data

Bitcoin will eventually be the world's currency, Kraken's CEO, Jesse Powell, told Bloomberg.

Bitcoin Will Eventually Be a Global Currency - and a $1 Million Price Target Within the Next 10 Years Is 'Very Reasonable,' Kraken CEO Says

Juthica Chou discusses the crypto market, other cryptocurrencies making market debut, and bitcoin&rsquo;s recent slump.

Other Cryptos Taking Off - Crypto Market Updates from Juthica Chou

&ldquo;While marketing is going to be accountable for growth, it is going to be on top of purpose-driven efforts. We won&rsquo;t drive growth in the absence of that purpose, or the cost of our soul, which sometimes can happen in growth-stage startups&rdquo; said Mayur Gupta, chief marketing officer at Kraken.

Crypto Exchange Platform Kraken Hires Chief Marketing Officer

Crypto exchange Kraken, along with five decentralized finance projects, is donating a total of $1.5 million to developing Ethereum 2.0.

DeFi Firms, Kraken Donate $1.5 Million to Ethereum 2.0 Development

Kraken Chief Product Officer Jeremy Welch discusses what it means for users and the #crypto space now that Kraken supports both Apple Pay and Google Pay in the Kraken App.

Kraken Supports Both Apple Pay and Google Pay in the Kraken App

Kraken Head of OTC Options Trading Juthica Chou discusses trends in the digital asset space and why September was an underwhelming month for crypto.

Trends in the Digital Asset Space and Why September Was an Underwhelming Month for Crypto

Bitcoin rose above $50,000 on Tuesday for the first time, adding steam to a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance among mainstream investors and companies.

Bitcoin Tops $50,000 As It Wins More Mainstream Acceptance

“Bitcoin ‘whales,’ addresses with more than 100 bitcoin, accumulated an additional 47,500 bitcoin amid bitcoin’s ruthless rally throughout December," researchers at&nbsp;crypto exchange Kraken wrote in <a href="https://kraken.docsend.com/view/fsw6qcg7cdjpun6x">a report</a> out Thursday.

As Bitcoin Smashes Through $40,000, Data Reveals What’s Behind the Huge 2021 Bitcoin Price Boom

CNBC’s Kate Rogers joins ‘The News with Shepard Smith’ to discuss crypto jobs’ increase in popularity with the most in-demand positions being software architects, developers and security engineers.

Crypto Companies Boost Hiring as Industry Grows in Popularity

Dan Held, head of growth at cryptocurrency exchange Kraken, doesn't think bitcoin's recent price movements indicate it's not a good inflation hedge.

Bitcoin Bulls Have Long Claimed the Cryptocurrency Is an Inflation Hedge. But Recent Price Swings Have Challenged That Idea.

The process is simplified for crypto exchange users, says Jeremy Welch, chief product officer at Kraken. On Kraken, Welch says staking is as easy as "going to the staking page [on the user's interface], specifying the amount you want to stake, and hitting submit."

What to Know About Staking — The Process of Locking Up Crypto Holdings to Earn Rewards and Interest

Crypto will likely go to “unexpected” places over the long-term, Kraken Chief Product Officer Jeremy Welch tells Blockworks.

Kraken Is Building Out Staking, Consumer Capabilities and Monitoring NFT Space

&ldquo;These moves, when you&rsquo;re up 8%, down 8% present a lot of opportunity,&rdquo; she said on Bloomberg&rsquo;s &ldquo;QuickTake Stock&rdquo; broadcast. &ldquo;On the other side are some of the institutions that are accumulating over time and are looking at some of these entry points.&rdquo;

Tug-of-War Between Newbies, Crypto 1% Keeps Bitcoin Range-Bound

The modern age calls for modern financial assets, and the boom of cryptocurrency – most notably that of Bitcoin – shows little sign of abating anytime soon.

Interview: Nick Percoco, Chief Security Officer, Kraken

Jonathon Miller discusses cryptocurrency markets and some of the sector's issues around mining and regulation. He speaks in "Bloomberg Daybreak: Australia" with Haidi Stroud-Watts and Shery Ahn.

Kraken Australia MD on Crypto Mining, China Ban & Regulation

Wyoming has been a trailblazer, and the state has addressed and foreseen a number of challenges to companies,” Santori said.

States Take Lead on Crypto Bank Charters and Digital Asset Rules

Si vous avez un compte sur l’échange crypto Kraken, vous pouvez désormais faire du staking Cardano.

Le Staking Cardano (ADA) est Disponible sur L’échange Crypto Kraken

Kraken Intelligence Head of Business Strategy Thomas Perfumo discusses the dwindling interest in NFTs, and how it plays into Kraken&#39;s ultimate business plan.

NFT Investments Questioned As Interest Fades

Ethereum’s startling run through $3,000 and above is far from over and could see Bitcoin’s main rival surpass $5,000 before long, according to expert analysts.

Ethereum 'Yet to Take Off' and Is on Track for $5,200 Soon, Say Experts

&ldquo;We hope to continue being able to provide critical financial services in time of need to both our clients in Ukraine and Russia&rdquo;, Kraken CEO Jesse Powell announced. &ldquo;Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians&rdquo;.