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 provides services in over 190 countries, balancing extensive global reach with strict compliance with international regulations. The platform restricts services in specific areas like Crimea, Iran, North Korea, and Syria, adhering to legal and sanction norms. 

Its robust presence across continents, coupled with a commitment to security, transparency, and customer satisfaction, positions Kraken as a trustworthy and user-friendly option in the digital asset market.

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.
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 extends its services to over 190 countries, showcasing a comprehensive global reach in the digital asset market. In North America, its presence is robust in key markets like the USA and Canada, catering to a user base of over 10 million. The platform's influence is equally significant in Europe, where it serves users across various nations, including the UK, Germany, France, and Spain.

The exchange also has a marked presence in Asia and Oceania, with Japan and Australia being notable markets due to Kraken’s support for AUD and JPY direct deposits. Further expanding its scope, Kraken includes countries like Thailand and Singapore in Asia, reflecting its strategic aim to embrace and serve emerging cryptocurrency markets.

This extensive and growing global coverage underscores Kraken's commitment to providing accessible, reliable, and secure crypto trading services worldwide.

Kraken Restricted Countries

Kraken, adhering to legal and regulatory norms, restricts its services in certain jurisdictions. This includes areas under sanctions or embargoes, such as Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Russia, and Syria, and extends to individuals or entities listed on various U.S. and international sanction lists like the SDN and Denied Persons List.

Key factors for these restrictions include:

  • Compliance with Regulatory Requirements: Kraken operates in accordance with each country's cryptocurrency laws, which sometimes results in certain service limitations.
  • Alignment with Anti-Money Laundering and Counter-Terrorist Financing Laws: To prevent illegal financial activities, Kraken follows global AML and CTF standards, influencing its operations in certain areas.
  • Adherence to International Sanctions: Kraken’s services are impacted by economic sanctions and trade restrictions imposed by global entities.
  • Consideration of Political and Economic Conditions: The platform evaluates the stability of countries, avoiding regions with heightened operational risks.

These measures, grounded in international compliance and risk management, determine Kraken's service availability in the global market.

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

To sum up, Kraken stands out as a leading cryptocurrency exchange, balancing global accessibility with strict adherence to regulatory standards. Operating in over 190 countries while respecting international compliance and sanction laws, Kraken offers a secure, user-friendly platform for a diverse range of crypto services. 

Its commitment to transparency and customer satisfaction is evident in its extensive licensing and advanced trading features, solidifying its position as a trustworthy player in the global digital asset market.

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