Kraken Transparency Report 2025: Growing Responsibly in a Regulated World
- Kraken is one of the oldest crypto exchanges in the world. The core business consists of spot trading, futures, staking services and the custody of digital assets.
- Today, Kraken also operates the US bank Kraken Financial and offers services such as over-the-counter trading and professional custody to institutions.
Kraken lays with his Transparency report 2025 again present numbers that represent the Influence of regulation to make the crypto industry visible. The report shows: The number of government requests for customer data is increasing. Kraken interprets this as a commitment to responsible growth.
There were a total of 7,957 official requests for information to Kraken in 2025 – an increase of 16.5% compared to the previous year. The requests came from 74 countries and affected more than 13,000 accounts.
The more digital assets grow into the regulated financial sector, the greater the interest will become Supervisory and investigative authorities on the data of the crypto exchanges. Kraken emphasizes that the increase is not caused by customer misconduct in general, but also by fraud victims, testimony in court cases and normal tax audits.
USA leads ahead of Great Britain and Germany
As in previous years, most inquiries come from the USA. US authorities accounted for 27 percent of requests in 2025, led by the FBI with 677 individual requests. Great Britain follows, with a good eleven percent, and Germany with around six percent of inquiries. The geographical distribution shows that western jurisdictions continue to lead the way, while other regions are growing but not yet reaching the same volume. Kraken uses this data to underline its position as a globally operating but clearly compliant provider.
More data requests – more data protection
The decline in the transmission of requested data is remarkable: Kraken only released data in 51.3 percent of cases – in 2024 it was 57 percent. The company does not give any specific reasons, but refers to strict internal testing processes.
Requests would be assessed for legal basis, jurisdiction and appropriateness of scope. Requests that are too broad or unclear would be answered in a restricted manner or rejected. With this, Kraken wants to fulfill both its obligation to cooperate with the authorities and the equally binding one Data protection progeny.
Growth within a regulated framework
The report is a signal. Kraken presents itself as an actor that wants to continue to grow in an increasingly regulated environment.
More products, more markets and the growing Importance of crypto in payments inevitably lead to more contact with authorities. Kraken uses transparency to build trust – both with customers and with authorities.
The message: We do not see regulation as a restriction, but as a framework in which professional market participants can exist in the long term.
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