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In April 2025, Kraken started providing a version of its trading platform, named Embed, to financial service corporations. In March 2025, it was reported that Kraken, as Payward Inc., was planning for an early 2026 IPO. In November 2024, Kraken and a consortium of crypto corporations launched the International Dollar Network, a joint stablecoin pegged to the US dollar.
Kraken was founded in 2011 and launched in September 2013, offering Bitcoin, Litecoin and euro-denominated trades initially. Based in 2011, it was one of many first few crypto exchanges providing spot trading, derivatives and index products. The change has a leading stage euro volume and liquidity and permits customers to commerce over 100 crypto property and 7 fiat currencies, together with USD, CAD, EUR, GBP, JPY, CHF and AUD, on-the-go with an internet platform and mobile apps.
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- In April 2018, Kraken declined a request for data by the Big Apple Lawyer Common’s Workplace, which was studying the measures taken by cryptocurrency exchanges to protect clients from market manipulation and cash laundering.
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