Exchanges / Kraken
30-second risk check: Kraken
KrakenRisk Rating and Review
kraken.com · Official site verified ↗Likely contracting entity: Payward Europe Solutions LimitedMiCA Crypto-Asset Service Provider
Entity and licence perimeter · Moderate Risk
Cexvia rates Kraken Moderate Risk at 77/100.
For Ireland / European Economic Area users, the mapped entity is Payward Europe Solutions Limited under MiCA Crypto-Asset Service Provider. Its strongest area is Regulatory & legal standing; the main observed concern is Asset & solvency transparency.
Cexvia Exchange Risk Rating0 critical · 100 stronger evidence
Kraken77Moderate Risk
Asset & 62Security66Corporat80Regulatory & legal standing86Corporate transparency80Asset & solvency transparency62Security & incident history66Operations & user protection83
Across five rated dimensions, Regulatory & legal standing scores highest at 86/100, while Asset & solvency transparency scores lowest at 62/100.
- 01
Kraken is represented by 3 published legal or operator records. Each record is assessed separately because regulatory scope, products and customer protections vary by entity and region.
Selected: IE / Payward Europe Solutions Limited · Verified 2026-07-27
Overall score77Moderate Risk
Dimensions covered5 / 5
Regional Legal Entity Map
The brand does not define the regulatory perimeter.
Kraken is represented by 3 published legal or operator records. Company registration, an active authorisation, a pending application and an operator-disclosure gap are not treated as equivalent evidence.
RegionContracting entityRegulatory recordScopeStatusChecked
What these records can establish
- Named legal entity and jurisdiction
- Permitted or registered activities
- Current public-record status at the verification date
What these records do not prove
- Protection against all asset loss
- Global coverage for every user or product
- Complete solvency or future regulatory status
Regulatory & legal standingComplete
86score / 100Weight 25% · Confidence 96%
Published entities and regional permissions are assessed separately; unverified scope is not presented as one global licence.
- Entities checked individually
- Scope kept separate
- Registration is not a full licence
Score contribution0.2 / 25
Why this score
Evidence highlightsEntities checked individually · Scope kept separate · Registration is not a full licence
Observed limitationPublished entities and regional permissions are assessed separately; unverified scope is not presented as one global licence.
Missing or limited evidenceNo material publication gap recorded for this dimension.
1 source records · Reviewed 2026-07-27Corporate transparencyComplete
80score / 100Weight 15% · Confidence 94%
Entity, product and operator disclosure quality is assessed directly; private consolidated financial information is often limited.
- Entity disclosure scored
- Product scope checked
- Private financials often limited
Score contribution0.1 / 15
Why this score
Evidence highlightsEntity disclosure scored · Product scope checked · Private financials often limited
Observed limitationEntity, product and operator disclosure quality is assessed directly; private consolidated financial information is often limited.
Missing or limited evidenceNo material publication gap recorded for this dimension.
1 source records · Reviewed 2026-07-27Asset & solvency transparencyLimited coverage
62score / 100Weight 20% · Confidence 70%
Reserve disclosures are treated as evidence about specified assets and dates, not proof of complete liabilities or group solvency.
- Reserve source connected
- Liabilities need review
- Solvency not inferred
Score contribution0.1 / 20
Why this score
Evidence highlightsReserve source connected · Liabilities need review · Solvency not inferred
Observed limitationReserve disclosures are treated as evidence about specified assets and dates, not proof of complete liabilities or group solvency.
Missing or limited evidenceLimited coverage
1 source records · Reviewed 2026-07-27Security & incident historyComplete
66score / 100Weight 15% · Confidence 88%
Verified historical incidents remain in the record alongside remediation and current account-security controls.
- History retained
- Remediation recorded separately
- Current controls do not erase incidents
Score contribution0.1 / 15
Why this score
Evidence highlightsHistory retained · Remediation recorded separately · Current controls do not erase incidents
Observed limitationVerified historical incidents remain in the record alongside remediation and current account-security controls.
Missing or limited evidenceNo material publication gap recorded for this dimension.
1 source records · Reviewed 2026-07-27Operations & user protectionPrimary evidence
83score / 100Weight 25% · Confidence 71%
Official status or notice channels are connected. Missing real-time coverage is reflected in confidence and is not treated as normal operation. Complaint evidence remains limited and is not treated as proof of safety.
- Official channel connected
- Asset status is time-sensitive
- Anonymous reviews excluded
- Market data connected
Score contribution0.2 / 25
Why this score
Evidence highlightsOfficial channel connected · Asset status is time-sensitive · Anonymous reviews excluded · Market data connected
Observed limitationOfficial status or notice channels are connected. Missing real-time coverage is reflected in confidence and is not treated as normal operation. Complaint evidence remains limited and is not treated as proof of safety.
Missing or limited evidencePrimary evidence
3 source records · Reviewed 2026-07-27Risk Drivers and Data Gaps
What moves the rating—and what remains uncertain.
Missing evidence is reported separately. It lowers coverage or confidence and is not automatically scored as a negative fact.
Key rating drivers
Regulatory & legal standing
860.2 weightedPublished entities and regional permissions are assessed separately; unverified scope is not presented as one global licence.
Operations & user protection
830.2 weightedOfficial status or notice channels are connected. Missing real-time coverage is reflected in confidence and is not treated as normal operation. Complaint evidence remains limited and is not treated as proof of safety.
Corporate transparency
800.1 weightedEntity, product and operator disclosure quality is assessed directly; private consolidated financial information is often limited.
Security & incident history
660.1 weightedVerified historical incidents remain in the record alongside remediation and current account-security controls.
Asset & solvency transparency
620.1 weightedReserve disclosures are treated as evidence about specified assets and dates, not proof of complete liabilities or group solvency.
Missing or limited evidence
Asset & solvency transparency
Evidence status: Limited coverage. This limits confidence in the dimension conclusion.
Operations & user protection
Evidence status: Primary evidence. This limits confidence in the dimension conclusion.
Scope limitation
This profile prioritises entities most relevant to exchange users and is not a complete corporate tree.
Scope limitation
Product availability and contracting entities can vary by residence and account type.
Scope limitation
A regulatory record does not guarantee solvency, token value or recovery of customer funds.
Security Intelligence Coverage
9 signal families, with collection boundaries shown.
4 automated or configured · 5 require analyst review
Official service status
Official incidents and maintenance are monitored at the published venue.
- Cadence
- Every 5 minutes
- Rating use
- Eligible after validation
Independent probes
Public API and domain reachability are checked independently.
- Cadence
- Every 5 minutes
- Rating use
- Eligible after validation
Security incidents
Security incidents, outages, remediation and compensation are reviewed as separate facts.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Reserves and wallets
Published reserve reports and wallet evidence are captured with their date and scope.
- Cadence
- Daily
- Rating use
- Eligible after validation
Account controls
MFA, allowlists, anti-phishing and withdrawal protections are checked from official guidance.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Legal and regulatory
Entity, licence, registration, application and enforcement states are kept distinct.
- Cadence
- On change + weekly review
- Rating use
- Eligible after validation
Domain and phishing
RDAP, DNS, TLS and certificate changes are compared with the verified official domain.
- Cadence
- Daily
- Rating use
- Context only
Vulnerability signals
Potential product and dependency matches are queued for validation.
- Cadence
- Daily
- Rating use
- Never scored directly
Verified complaints
Official case references and structured evidence are mapped by venue and entity.
- Cadence
- On change + weekly review
- Rating use
- Context only
Latest Risk Events
Verified changes connected to Kraken.
No material verified events are published for this exchange in the current monitoring window. This does not mean no risk exists.
Asset, Security and Operations
The evidence behind the dimensions users care about most.
Asset and solvency transparency
62/100Reserve disclosures are treated as evidence about specified assets and dates, not proof of complete liabilities or group solvency.
- Reserve source connected
- Liabilities need review
- Solvency not inferred
Security and incident history
66/100Verified historical incidents remain in the record alongside remediation and current account-security controls.
- History retained
- Remediation recorded separately
- Current controls do not erase incidents
Operations and user protection
83/100Official status or notice channels are connected. Missing real-time coverage is reflected in confidence and is not treated as normal operation.
- Official channel connected
- Asset status is time-sensitive
- Missing is not normal
- Anonymous reviews excluded
- Comparable sample limited
Exposure guidance
Limited long-term custody
- Use case
- Suitable for normal trading with controlled exchange balances.
- Avoid
- Avoid using the exchange as a single long-term custody location.
- Reason
- Regulatory & legal standing is the strongest observed area, while Asset & solvency transparency limits a stronger conclusion.
Action checklist
Choose your next step based on your current situation.
- 01Verify the official domain and app publisher
- 02Confirm the legal entity named in the account agreement
- 03Check whether the selected product is covered in your region
- 04Start with the minimum deposit
- 05Test one withdrawal
- 06Enable strong account security
- 07Avoid keeping unnecessary long-term balances
Compare Alternatives
Compare Kraken with other published Passports.
ExchangeRiskScoreRegulatorySecurityConfidence
FAQ
Questions about Kraken
Is Kraken safe?
Kraken is currently rated Moderate Risk at 77/100. This reflects observed public evidence and is not a guarantee of safety.
Is Kraken regulated?
3 legal-entity records are mapped in this Passport. Each record has a jurisdiction-specific status and scope.
Which entity serves the selected region?
Ireland / European Economic Area: Payward Europe Solutions Limited — MiCA Crypto-Asset Service Provider.
Does Kraken publish reserve or solvency evidence?
Reserve disclosures are treated as evidence about specified assets and dates, not proof of complete liabilities or group solvency.
Should funds be stored on Kraken long term?
Limited long-term custody. Suitable for normal trading with controlled exchange balances. Avoid using the exchange as a single long-term custody location.
Verified sources
Every conclusion links back to primary evidence.
Each source shows its verification date and the specific statement it supports.
Platform terms · Kraken
Tier B↗Kraken EEA Terms of Service
Official terms used to verify the contracting entity and service scope.
Platform terms · Kraken
Tier B↗Kraken legal disclosures
Official terms used to verify the contracting entity and service scope.
Company disclosure · Kraken
Tier B↗How Kraken is regulated
Company disclosure used to assess governance, financial or incident transparency.
Market data · CoinMarketCap
Tier B↗Kraken — CoinMarketCap exchange profile
Third-party market-quality data used as a supporting signal.
Reserve disclosure · Kraken
Tier B↗Kraken reserve disclosure
Published reserve or asset-disclosure evidence used in the solvency assessment.
Security notice · Kraken
Tier B↗Kraken security record
Published security or incident evidence used in the security assessment.
System status · Kraken
Tier B↗Kraken service status
Official service-status evidence used in the operational assessment.
Evidence coverage · Cexvia methodology
Method↗Cexvia complaint evidence standard
Complaint comparisons use verifiable primary evidence. The current cross-platform sample remains limited.
Cexvia ratings reflect observed risk under available public evidence. A higher score means lower observed risk, not guaranteed safety. Coverage, confidence, redlines and score direction are published separately. This page is not investment, legal or custody advice. Commercial relationships do not change scores or suppress verified evidence.