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Kraken Supported and Restricted Countries

Kraken Supported and Restricted Countries

Discover Kraken's global cryptocurrency services in 190 countries and its compliance in restricted countries like Russia and Crimea.

Summary: Kraken, a leading global cryptocurrency exchange, serves customers in over 190 countries, offering a suite of secure and accessible trading options. It limits services in jurisdictions like Crimea, Cuba, and North Korea due to international sanctions and regulatory requirements.

Holding licenses in significant markets such as the US, UK, and Australia, Kraken enables trading in over 200 cryptocurrencies, alongside offering advanced trading and staking opportunities with attractive rewards. Focused on security and trust, Kraken conducts regular Proof of Reserves audits, ensuring a transparent and reliable trading environment.

Kraken Countries Overview
5.0 out of 5.0 by Datawallet
Kraken operates in over 190 countries, offering comprehensive cryptocurrency services while adhering to regulatory norms by restricting sanctioned nations like Iran, North Korea, and Syria.
Licenses
FinCEN, FCA, FINTRAC, ASIC and other tier-1 regulators.
Available Assets
200+ Cryptocurrencies to Trade and Stake (Spot and Futures markets).
Deposit Methods
Bank Transfers, Debit Card, Credit Card, SWIFT and more.

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Kraken Supported Countries

Kraken is a major player on the global stage, offering its cryptocurrency services to more than 190 countries. Its strong footprint in North America is highlighted by its significant user base in the United States and Canada, where over 10 million people rely on its platform. Europe is another key region for Kraken, with the exchange actively serving a diverse clientele in countries such as the UK, Germany, France, and Spain.

In Asia and Oceania, Kraken stands out for enabling direct deposits in Australian Dollars (AUD) and Japanese Yen (JPY), with Japan and Australia being key markets. The platform's reach extends to Asian countries like Thailand and Singapore, showcasing Kraken's strategic efforts to tap into and support the burgeoning cryptocurrency markets there.

Kraken's widespread and expanding presence globally is a testament to its dedication to making crypto trading services accessible, trustworthy, and secure for users everywhere.

Kraken Restricted Countries

Kraken, in strict adherence to legal and regulatory frameworks, restricts its services in specific regions. This exclusion applies to locations under sanctions or embargoes, such as Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Russia, and Syria, and also affects individuals or entities on U.S. and international sanctions lists, like the SDN and Denied Persons List.

The reasons behind these restrictions are multifaceted:

  • Regulatory Compliance: Kraken aligns its operations with the cryptocurrency regulations of each country, leading to unavoidable limitations in some cases.
  • Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Compliance: Kraken commits to global standards for AML and CTF to deter unlawful financial dealings, shaping its presence in certain regions.
  • Observance of International Sanctions: Economic sanctions and trade embargoes by international bodies affect Kraken’s service offerings.
  • Evaluation of Political and Economic Stability: Kraken assesses the stability of countries, steering clear of areas with increased operational risks.

These strategic compliance and risk management practices play a crucial role in shaping Kraken's availability on the global stage.

Kraken Restricted Countries

Kraken Licenses

Kraken, as a globally recognized cryptocurrency exchange, adheres to strict regulatory standards across various international jurisdictions, ensuring its operations are compliant and secure. Its licensing and regulatory framework includes:

  • United States: Registered as a Money Services Business with FinCEN and supervised by the Wyoming Division of Banking under a Special Purpose Depository Institution charter.
  • Canada: Registered as a Money Services Business with FINTRAC.
  • United Kingdom: Operates as a Financial Conduct Authority Registered Cryptoasset Firm and holds an FCA Authorised Investment Firm status through its subsidiary.
  • Italy: Recognized as a Virtual Asset Service Provider by the OAM.
  • Australia: Registered as a Digital Currency Exchange with AUSTRAC.
  • Abu Dhabi Global Market: Operates under a Financial Services Permission for various digital asset-related activities.

This comprehensive regulatory compliance across multiple continents underscores Kraken's commitment to providing a secure and trustworthy platform for its users, aligning with the highest standards of financial operations worldwide.

About Kraken

Kraken is a well-known cryptocurrency exchange catering to over 10 million clients globally, supporting transactions in more than 190 countries. It enables users to trade in over 200 cryptocurrencies, including major ones like Bitcoin and Ethereum, starting with a minimum of $10. The platform is user-friendly, providing mobile app access, comprehensive educational content, and robust customer support.

Beyond basic trading, Kraken offers advanced features like spot and margin trading, along with futures contracts, leveraging its deep market liquidity for stable pricing and competitive spreads. Additionally, it offers staking services with potential annual rewards of up to 24%. Emphasizing transparency, Kraken regularly conducts Proof of Reserves audits, ensuring client assets are verifiably backed by actual holdings, thus maintaining high accountability standards.

Bottom Line

In conclusion, Kraken's extensive global reach, serving over 190 countries, underscores its role as a pivotal force in the cryptocurrency space. Its commitment to accessibility, reliability, and security, from North America to Asia and Oceania, not only demonstrates a strategic approach to fostering digital asset trading but also highlights its dedication to supporting emerging markets and a vast user base worldwide.

This global coverage ensures that Kraken remains at the forefront of providing top-tier crypto trading services to millions around the globe, making it a trusted partner in the ever-evolving digital currency landscape.

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