The cryptocurrency space has exploded over these past few years. When Bitcoin, the first cryptocurrency, was created, the general public was skeptical. Despite their disbelief in the asset, its price kept going up. This attracted many to join the trend. More people and businesses are now interested in acquiring it. However, the only problem they were having was how actually to buy or store these assets. Fortunately, that’s the role crypto exchanges like Kraken are playing. Kraken ranks third on the BitDegree Exchange Tracker. The crypto exchange has a weekly trading volume of $138,192,522,565 on average.
Kraken helps users to buy, sell, and trade different cryptocurrencies without stress. To add to the joy, all these are done in one place. This platform is an all-in-one forum, making things easy for even newbies in the space.
Since many started using the platform, it has gained much popularity. Surveys show that Kraken has brought over 8 million users from around the globe to its platform. This indicates that millions of people have come to depend strongly on this platform. As such, one of every five crypto traders relies primarily on Kraken to exchange and store assets. This article will examine more facts and Kraken statistics that crypto lovers need to know about the exchange.
Some Exciting Kraken Statistics
- The exchange has exploded to over 10 million active users in 2023 alone.
- Kranken receives nearly a million visitors every week. As of October 2023, Kraken got an average of 970,000 weekly visits from users.
- The United States has always been at the forefront of expanding cryptocurrency. Therefore, it’s no surprise that over 36 percent of Kraken’s audience comes from this place.
- Demographically, Kraken attracts a lot of digital assets enthusiasts in their late 20s to mid-30s.
- Surprisingly, more dudes are trading on Kraken. The report says they make up almost 74% of Kraken’s customers.
- Most people visiting Kraken come directly to the website or app, not links or search engines.
- Beyond that, this company keeps extending its reach all over the world. Presently, it serves customers from more than 190 different countries.
- Kraken recorded yearly high inflows and outflows on the same day in November 2023. The customers also moved lots of funds in and out of the platform on the same day.
About Kraken
Created in 2011, Kraken remains among the long-existing crypto exchanges. Its headquarters is located in the United States. It was among the first Bitcoin exchanges listed on the Bloomberg terminal. Users from more than 190 countries have access to the Kraken exchange. These include people from the United States, Australia, the UK, Japan, Canada, and Germany. However, the exchange is restricted in some regions and countries. Notably, Kraken is not available in some OFAC nations like Iran, Cuba, Afghanistan, Libya, Iraq, Syria, Lebanon, North Korea, Yemen, and others.
Kraken Regulation
Kraken complies with regulatory standards and requirements in different regions:
- The exchange runs business as a Money Service Business (MSB) in the United States.
- In Canada, the exchange bagged an MSB.
- In the United Arab Emirates, it acquired a Financial Service Provider (FSP) license.
- The United Kingdom confers the exchange of the title of a crypto asset company with a futures trading license.
Globally, Kraken has licenses from the following regulators.
- Financial Crimes Enforcement Network (FinCEN) in the United States.
- Financial Conduct Authority in the United Kingdom.
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in Canada.
- Abu Dhabi Global Market (ADGM) in the United Arab Emirates.
- Abu Dhabi Global Market (ADGM) by FSRA in Abu Dhabi.
- Digital Currency Exchange (DCE) by AUSTRAC in Australia.
- Virtual Asset Service Provider (VASP) by OAM in Italy.
Kraken User Statistics You Should Know
1. Kraken has an Army of Crypto Traders These Days.
We’re talking about over 10 million people who use the platform regularly. The customers depend on the platform to satisfy their different crypto needs. This is amazing, considering they had 6 million customers a few years back.
2. Nearly a Million Folks Drop by to Visit the Platform Every Week.
Sometimes, we wonder if they’re checking the coin’s price or trying to take a quick trade. However, Kraken has captured many crypto traders.
3. The United States has the Highest Number of Kraken Users, Representing 36.65% of Kraken’s Core Audience.
Data on Kraken.com website traffic by countries showed that the United States has the highest number of Kraken users.
