Kraken Sets New Records with $2 Trillion Transaction Volume, But Security Risks Persist
Kraken is one of the longest-operating cryptocurrency exchanges with no major public hack on record. Founded in 2011, it supports spot, margin, and futures trading, with more than 700 assets available.
The platform offers a range of features, including Kraken Pro for active traders with advanced tools and volume-based pricing. It also provides spot, margin, futures, staking, stocks, and ETFs trading.
Kraken processed over $2 trillion in transactions across 190+ markets in 2025, showcasing its high volume of activity. However, size alone does not make an exchange the right choice.
The platform uses cold storage to protect customer funds, which are stored offline in air-gapped wallets across multiple locations. It also offers FIDO2 two-factor authentication and passkeys for added security.
Kraken has a strong regulatory footprint, with registrations in countries such as the US, Australia, Canada, and Japan. However, it's essential to note that crypto balances held on Kraken are not FDIC-insured bank accounts or SIPC-protected brokerage securities.