Kraken Rising: #2 Kaiko’s second quarter 2025 exchange ranking

I’m happy to announce that Kraken ranked 2nd globally Kaiko’s second quarter Exchange rankings rose from third place in the first quarter.

This advancement reflects what our global community already knows. We are not one of the world’s leading crypto exchanges. We are a platform that constantly improves, evolves and drives the industry.

Kaiko’s exchange rankings are one of the strictest in the space, offering data-driven ratings across multiple core dimensions. Market quality, legal and regulatory compliance, security practices, and transparency standards.

Kraken worked well in all these categories and had a particularly strong mark on market depth, order book consistency, regulatory footprint and data openness. This report highlights not only where we stand today, but how our long-term strategy continues to be offered to both traders, institutions and builders from crypto.

First of all, who is the silkworm?

Kaiko is a leading provider of cryptocurrency market data, analytics and indexes, providing businesses with system-grade regulations-compliant solutions. These solutions are used in the Kaiko index, conducting independent quarterly valuations of spot cryptocurrency exchanges and are ranked based on a variety of factors, including liquidity.

Here’s a breakdown of why Kraken was ranked second in Global Exchange by Kaiko:

It’s consistently good and just gets better

From day one, Kraken is built with a clear purpose. It is to accelerate the global adoption of cryptocurrency while raising standards for industry trust, reliability and service. Being recognized as Kaiko’s #2 Global Exchange is a testament to its mission.

But this is not a victory lap. It is a milestone on a much longer journey.

It is not just strength that distinguishes Kraken, but many strengths, such as product performance, risk management, and client-first culture.

Let’s take a closer look at how our values ​​match the criteria Kaiko evaluates.

🧩 Market quality: deep liquidity, tough spreads, actual volume

In the category of Market qualityKaiko evaluates how exchanges support price discovery, reduce slippage, and maintain liquid books across pairs and time zones.

At Kraken, we built one of them Deepest, most stable fluidity pool By code. Our professional grade infrastructure processes billions of dollars in daily volumes. Super fast execution and minimal downtime. Supports advanced order types and provides deep books across spots, margins and derivatives markets.

Clients from retailers to institutions rely on Kraken as we provide True Market Depth (Not an inflated metric). Our volume is authentic, our spreads are competitive, our working hours are world class.

(Security and Compliance: Always ahead of the curve

I’ve set benchmarks for a long time Crypto Security and Compliancemainly for us Licenses and registrations for multiple global marketsours Strong operating results And we Continuous investment in compliance and client protection.

Both are included in Kaiko’s rankings Regulatory stance and Security Controls. We treat regulations as a path to legitimacy rather than a burden. It is registered in several major jurisdictions, including the US, UK, EU, Canada, Australia, and more.

Ours Client fund protection measures, Storage Protocol and Regular penetration tests Make sure you meet (and often exceed) your agency’s security expectations. This is why Kraken is trusted by governments, hedge funds, asset managers and a large number of traders around the world.

constarparence: Transparency: clear data, real metrics, honest communication

Silkworms are also heavy Data openness and transparency – Values ​​woven into Kraken’s DNA. I’ll publish it Real-time market datahistory feed, proof of booking, and clear API access across all products.

Kraken believes in openness by default when others can mask volumes, mislead the synthetic metrics, or delay disclosure. We support our claims with verifiable facts. And in cipher, that’s everything.

We too One of the first major exchanges to support regular third-party auditsallowing clients to independently verify that their assets are backed up 1:1. Transparency is more than just a feature. That’s the responsibility we’ve accepted from day one.

🚀Momentum is important

We are honored to be able to hold the #2 position globally, but what excites us the most is The direction we are heading. In the fourth quarter of 2024, Kraken was in the top five. In the first quarter of 2025, we moved to #3. Well, in the second quarter it rose again – and we haven’t slowed down.

Such a sustained momentum is possible only due to the unwavering focus of the Kraken team.

• Client-first innovationFrom intuitive UX to advanced trading features
• Resilience and security On all layers of the stack
• Global expansion through regulatory alignment
  
• Open and honest engagement With users and a wider ecosystem

We are proud to be able to build a platform that supports the future of finance.

It was built for the long term

The rise in Kraken’s Kaiko rankings is a result of years of hard work, value-driven decisions and community trust. But our work is not finished. We will innovate, listen and lead with integrity.

Whether you are a new trader or an experienced institution, we are committed to providing you with the tools, security and transparency you need to thrive in crypto. thank you To our clients, our partners and our Kraken team for helping us reach this milestone. We are proud to be #2. And more willing than ever to build what comes next.