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.
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.
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.
Frequently asked questions
What is Kraken Financial?
Why Kraken Financial?
Is Kraken Financial FDIC-insured?
What does fully-reserved mean?
What can Kraken Financial do for clients?
When will Kraken Financial open?
Is Kraken Financial regulated?
Will Kraken Financial have physical branches?
Can I open a bank account with Kraken Financial?
Are Kraken Financial assets segregated from Kraken assets?
Who owns and runs Kraken Financial?
Is Kraken Financial audited?
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.