Kraken Financial

Kraken is one of the most trusted names in crypto

Building a better kind of crypto experience for our clients



Kraken Financial holds a Special Purpose Depository Institution (SPDI) banking license and is regulated by the Wyoming Division of Banking. Kraken Financial operates under stringent regulatory oversight and is required to uphold strict security, data protection, custody and safekeeping standards.

Deposits & Withdrawals

Safe and sound

Security has always been Kraken's top priority. Kraken Financial is built on a foundation of best-in-class digital security practices. SPDIs are required to maintain full cash reserves, which means your cash won’t be lent out.

Trading pairs

A better bridge

Kraken’s mission is to promote the adoption of digital assets for financial freedom. Kraken Financial will provide a better client experience with a more seamless integration between crypto and tradfi.

Qualified digital asset custody for institutions, with a difference

Pioneering secure and regulated custody solutions

As a state-chartered bank, Kraken Financial offers the safety and security our clients expect from a regulated financial institution. Your digital assets are protected by advanced encryption and security protocols at all times. Fully segregated from Kraken and always available for withdrawal.

Qualified digital asset custody for institutions

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Service in Washington and New York State is unavailable

Kraken Financial

Frequently asked questions

  1. What is Kraken Financial?

  2. Why Kraken Financial?

  3. Is Kraken Financial FDIC-insured?

  4. What does fully-reserved mean?

  5. What can Kraken Financial do for clients?

  6. When will Kraken Financial open?

  7. Is Kraken Financial regulated?

  8. Will Kraken Financial have physical branches?

  9. Can I open a bank account with Kraken Financial?

  10. Are Kraken Financial assets segregated from Kraken assets? 

  11. Who owns and runs Kraken Financial?

  12. What is the difference between having my assets in “custody” with another platform vs. “qualified custody” with Kraken Financial?

  13. Are digital assets held in hot or cold storage?

  14. What is MPC?  

  15. Which digital assets can I custody with Kraken Financial?  

  16. How long does it take to move digital assets in and out of custody?  

  17. How does a client access and manage their digital assets held in custody at Kraken Financial?

  18.  Can I stake funds or trade funds held in custody with Kraken Financial?

  19. Are APIs available for interacting with the Kraken Financial custody products?  

  20. Can I access Kraken Financial’s custody platform on mobile?

  21.  Is Kraken Financial audited?

  22. How would a Kraken Financial bankruptcy affect my funds and assets?

Services are provided by Kraken Financial, a Wyoming-chartered Special Purpose Depository Institution.
Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.

This page is for informational purposes only. Forward-looking statements, including product offerings, regulatory plans and business plans are subject to change without notice.


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