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Kraken

United States

About Kraken

Kraken is a leading cryptocurrency exchange founded in 2011, known for its robust security and regulatory compliance. Launched to the public in 2013, Kraken allows users to trade over 70 cryptocurrencies, including Bitcoin and Ethereum, with a minimum deposit of just $10. The platform has seen impressive growth, generating an estimated $883.3 million in revenue in the first half of 2025, positioning it to exceed its 2024 total of $1.5 billion, reflecting a remarkable 128% year-over-year increase.

What sets Kraken apart from competitors like Coinbase and Binance is its unwavering commitment to security, having never experienced a hacking incident since its inception. The exchange holds 95% of deposits in secure, air-gapped cold storage and is registered with key regulatory bodies across multiple countries. Kraken's innovative approach includes acquiring a Special Purpose Depository Institution Charter, enabling it to offer a comprehensive suite of financial services, including custodial services and digital asset banking.

With over 9 million users across 190+ countries, Kraken continues to expand its market presence, particularly in Europe, where it commands a significant share of the EUR trading market. As the crypto landscape evolves, Kraken aims to bridge the gap between traditional finance and the digital economy, positioning itself for sustained growth and innovation in the financial services sector.

News

Research Reports

Kraken One-Pager

Kraken at $1.5B up 128% YoY

Arjun Sethi, co-CEO of Kraken, on building the Nasdaq of crypto

Kraken at $1.2B

Kraken Revenue, Growth, and Trading Volume

David Ripley, COO of Kraken, on the future of cryptocurrency exchanges

Gemini revenue, growth, and valuation

Gemini at $69M/year

Midas One-Pager

Gemini One-Pager

Alpaca at $60M/year growing 150% YoY

Duncan Cock Foster, co-founder of Nifty Gateway, on NFTs as luxury goods

eToro One-Pager

Fernando Sandoval, co-founder of Kapital, on tropicalizing Brex for LatAm

eToro vs Robinhood

Thore Network One-Pager

Chainalysis at $190M ARR

Stablecoin diplomacy

Stablecoins > Visa

Farooq Malik and Charles Naut, co-founders of Rain, on stablecoin-backed credit cards

Erick Calderon, CEO of Art Blocks, on the evolution of NFT marketplaces

Frequently Asked Questions

How would the investment be structured?

When investment opportunities become available for Kraken, they would typically be structured through US-based, bankruptcy-remote Delaware SPVs. As an investor, you would become a limited partner in a fund that indirectly holds shares of the company. This page is for expressing interest in future opportunities, not for making actual investments.

Why can't I invest in Kraken directly?

Direct investment into high-demand private companies like Kraken often requires $50M+ in capital. Our SPV structure gives you access at lower minimums by pooling capital and investing through intermediaries that already hold equity.

What is the minimum investment amount?

The minimum investment typically starts from $10,000, though it may vary depending on the deal size and available allocations.

When will I receive units for my investment?

Once the SPV is fully funded and the shares are secured, units will be allocated to your account and you'll be notified. This typically takes 2–3 weeks post close date.

What are the exit options or liquidity paths?

Liquidity is not guaranteed. However, exits may occur through the following avenues:
(a) resale through our partner's Alternative Trading System (ATS) after a holding period,
(b) secondary market transactions,
(c) a future IPO of Kraken or its subsidiaries, or
(d) an acquisition of the company.

What are the risks of investing in Kraken?

Key risks include equity risk (share value decline) and liquidity risk (limited tradability of private shares). As with any private market investment, capital loss is possible.

What are the tax implications?

Taxation is treated the same as investing in US-listed stocks. Long-term capital gains (after 24 months) are taxed at 12.5%. Short-term gains are taxed as per your income tax slab.

Under which regulatory framework does this investment fall?

All investments are made through SEC-compliant SPVs under Regulation S. The structure is similar to those used by leading US platforms like EquityZen and Forge.

Need More Information?

Have additional questions about this investment opportunity? Our team is here to help.

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Funding Rounds

Series B

$19.84 July 1st, 2019

Series A

$0.17 April 30th, 2016

Seed

$0.03 January 31st, 2013

Funding Rounds

Series B

$19.84 July 1st, 2019

Series A

$0.17 April 30th, 2016

Seed

$0.03 January 31st, 2013
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