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.

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.

Kraken is pleased to announce that he was ranked third overall in Kaiko’s first quarter exchange rankings and rose from seventh in the 44 centralized Crypto exchanges last year.

This ranking, which assesses exchanges based on key factors such as governance, security, technology, and liquidity, reflects on ongoing industry leadership and deep commitment to clients.

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 by the Kaiko index, conducting independent quarterly valuations of spot cryptocurrency exchanges and are ranked based on a variety of factors, including liquidity.

Why did our ranking improve from the 7th to the 3rd?

The improved rankings can be attributed to several specific factors that closely match Kaiko’s rating criteria. The relentless focus on governance, liquidity, security, and data transparency contributes to a stronger and more resilient platform for clients.

Strong governance and compliance

For a long time, Kraken has been advocating for regulatory clarity and compliance while still remaining true to our mission. It is to accelerate the adoption of cryptocurrencies for economic freedom and inclusion. In 2024, we further strengthened our legal and compliance framework and implemented a new market rulebook that outlines clear trading standards and best practices.

Furthermore, we have expanded our educational content Money Laundering Anti-Money Laundering (AML), Knowledge Customer (KYC), Counter Terrorism (CFT)ensuring that clients and institutional partners understand the importance of regulatory compliance. Leading our industry Spare Proof We continue to set standards for transparency in asset verification.

Best in class liquidity and market depth

Kraken is a go-to exchange for traders who prefer to operate against Fiat currency. Ours USD and EUR Order Form It is the deepest in the industry, offering excellent fluidity that minimizes slipping and improves the quality of execution.

By increasing market depth and order bookkeeping efficiency, we have created a trading environment that is more attractive for both institutional and retail investors.

Uncompromising security measures

Our security, surpassing all spirits, is at the heart of our platform. Kraken’s top security experts employ A risk-based approach Continuingly improve security protocols to ensure that client assets remain protected at the highest level. Our strictness Infrastructure Safeguard and Account protection measures Maintain its reputation as one of the world’s most secure crypto exchanges.

High quality data reports

Transparency is fundamental to Kraken’s approach and our commitment Accurate, complete and reliable transaction data It stood out in Kaiko’s rankings. We offer Real-time and historical trade datainclude OHLC (Open, High, Low, Close) Granular pricing at 8 time intervals (1, 5, 15, 30, 60, 240, 720, 1440 minutes).

This data is available through us Breaks, WebSockets, API fixeswe provide High rate limit To ensure seamless access for both traders and developers.

Construction in a year of great progress

This perception from Kaiko reaffirms Kraken’s position as one of the world’s top crypto exchanges. But the work never finishes. Our merciless focus Security, governance, liquidity, transparency We guarantee that we will continue to provide our customers with a great trading experience.

As traders demand more A reliable, well-regulated platformKraken is Safe, liquid and reliable replacement. We look forward to building on this momentum and setting even higher standards for the industry.