Kraken

Cryptocurrency ExchangeFounded 2011

Market Data Current As Of: September 12, 2026

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Kraken

Cryptocurrency ExchangeFounded 2011

Reviewed by Swet Parvadiya

Last reviewed: September 12, 2026

Market Data Current As Of: September 12, 2026

Acquisitions

Kraken Acquisitions

Total Acquisitions

$355M

Disclosed Deal Value

Bitstamp

2024

$200M

Why

Acquired landmark European cryptocurrency exchange Bitstamp (founded 2011) to drastically accelerate Kraken's regulated institutional presence across the European Union, the UK, and Asia-Pacific.

Impact

Added over 50 active regulatory licenses across Europe, expanded institutional client rosters, and established unassailable regulated liquidity leadership under MiCA (Markets in Crypto-Assets) frameworks.

Outcome

Transformed Kraken into the premier regulated European cryptocurrency gateway.

Staked

2021

$40M

Why

Acquired non-custodial staking infrastructure platform Staked to allow institutional investors to earn proof-of-stake yields across major Layer-1 blockchains while maintaining asset control.

Impact

Reinforced Kraken's staking and blockchain infrastructure capabilities alongside its core exchange trading desks.

Outcome

Cemented Kraken's standing as a leading validator node operator.

Crypto Facilities (Kraken Futures)

2019

$100M

Why

Acquired London-based, UK Financial Conduct Authority (FCA) regulated digital asset derivatives platform Crypto Facilities to launch Kraken Futures.

Impact

Enabled Kraken to offer regulated multi-currency crypto futures contracts, capturing billions of dollars in institutional derivatives trading volume.

Outcome

Expanded Kraken from a pure spot trading desk into a top-tier global crypto derivatives powerhouse.

Coinsetter & Cavirtex

2016

$15M

Why

Acquired New York-based exchange Coinsetter and Canada's oldest Bitcoin exchange Cavirtex to consolidate North American compliance and client bases.

Impact

Rapidly onboarded tens of thousands of active Canadian and US traders and expanded fiat wire processing capabilities.

Outcome

Accelerated Kraken's direct market share across North America.

How Kraken Makes Money

Kraken operates a diversified digital asset trading, custody, and fintech infrastructure model. Its primary revenue streams include: First, Spot & Margin Trading Fees (~55% of revenue), charging tiered maker-taker fees ranging from 0.00% to 0.26% on Kraken Pro, alongside flat spread markups on consumer instant-buy transactions. Second, Crypto Derivatives & Futures (~22% of revenue), collecting transaction fees on multi-collateral perpetual and fixed-maturity futures contracts via its FCA-regulated UK entity (Crypto Facilities). Third, Staking-as-a-Service & Custodial Earn Rewards (~14% of revenue), taking a 15% to 25% administrative fee on proof-of-stake blockchain validation yields. Fourth, Institutional Services & Over-the-Counter (OTC) Desk (~9% of revenue), generating white-glove spread revenue on block trades exceeding $100,000 for sovereign wealth funds, family offices, hedge funds, and miners.