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      Kraken Reports 7 Million Funded Accounts as It Expands Financial Services

      Kraken, a cryptocurrency exchange, has announced that it currently has approximately 7 million funded accounts globally, according to co-CEO Arjun Sethi. This figure represents a significant increase from about 5.7 million at the end of 2025 and reflects a year-over-year growth rate of 42% since mid-2025. A funded account is defined as one that holds actual money, distinguishing it from mere signups.

      Sethi emphasized that Kraken is evolving beyond its initial role as a cryptocurrency trading platform. The company aims to transform into a comprehensive financial services provider under its parent company, Payward. This shift includes plans to offer a range of services such as trading, banking, asset management, and institutional services, moving towards a more integrated financial infrastructure.

      In 2025, Payward reported $2.2 billion in adjusted revenue, marking a 33% increase from the previous year, with total transaction volume reaching $2.0 trillion. Kraken has also made strategic acquisitions, including a $1.5 billion purchase of NinjaTrader, which will help attract traditional traders, and a $550 million acquisition of Bitnomial to enhance its derivatives offerings. These moves are part of a broader strategy to create a unified platform where customers can trade, borrow, spend, and invest seamlessly across various financial products.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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