Every decision we make returns to one principle. We will build the best possible experience for you. So we’re proud to announce it Silkworm ranked Kraken as the No. 1 global crypto exchange in 2025 – This is the first-ever top finish, and has steadily risen from third place in the first quarter of 2025 to #2 in the second quarter of 2025.
This perception is more than where we stand now. That’s about how we got here. Listen to our clients, strengthen our infrastructure and drive the industry forward with transparency and trust.
First of all, who is the silkworm?
Kaiko is one of the world’s leading providers of digital asset market data. Quarterly Exchange Ranking Methodology evaluates global trading venues across a wide range of criteria, including governance, security, technology, liquidity, business and data quality. The rankings are widely held institutions, regulators and market participants, making them a meaningful benchmark for exchange quality and reliability.
Climb #1: What the rankings reveal
Kaiko’s top position in the third quarter 2025 rankings highlights the categories that Kraken continues to lead.
safety
Kraken won 100. This is a 6 points higher than any other exchange with the highest possible security score. This reflects an uncompromising approach to asset protection, robust custody regimes and industry-leading safeguards. Our clients trust us with their financial freedom and we take that responsibility seriously.
Data Quality
Accuracy, timeliness and transparency are essential to a client’s confidence. We regularly publish proofs of bookings, and real-time data feeds give traders and institutions unparalleled clarity.
Fluidity
Deep purchase orders and tough spreads will make your execution smoother at the price you want. Our liquidity ensures that clients, from everyday traders to global institutions, can trade with efficiency and confidence.
The strength of business
From product range to executive leadership, our business fundamentals continue to be strong. This reflects both our innovative spirit and our strong foundation, allowing us to continue offering for our clients.
Together, these pillars strengthen what is most important. Build a major platform that clients can rely on every day.
Based on all client-first philosophy
That’s because all high marks lead to simple truth: client Deserves A platform they can rely on.
- Security means peace of mind
- Data quality means trust in every transaction
- Liquidity means fairness and efficiency
- Business strengths mean innovation in the long term
These are not abstract metrics. They are the living experiences of Kraken clients.
“Reaching #1 is a powerful milestone, but that’s just the beginning. A score of 100 in security shows that client protection is always our top non-negotiable priority.”
“When you combine it with deep fluidity, transparent data and relentless innovation, it builds more than exchange. It builds trust. That’s what Kraken represents, and that’s how it continues to accelerate the global adoption of crypto.”
#1 better build from spot
Our rapid rise from Kaiko’s rankings is evidence that prioritizing our clients will drive sustainable growth. It validates the vision of a transparent, resilient, and accessible cryptographic ecosystem.
We are proud to be leading the industry in 2025. But even more importantly, I’m excited about what’s coming next. It’s about raising the bar for the client experience, building new products and expanding global access to crypto.
In Kraken, #1 is not the finish line. It is the foundation of the future.
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