company
Kraken
Kraken is a US-based cryptocurrency exchange, legally named Payward, Inc. It was founded in 2011 and is the first cryptocurrency company to obtain a bank charter. In most US states, it also facilitates trading of stocks, futures and ETFs.
Co-CEO
Arjun Sethi
Key facts
- Founded
- July 28, 2011source
- Founders
- Thanh Luu, Michael Gronager, and Jesse Powellsource
- Bank charter
- Kraken Financial was granted a special purpose depository institution (SPDI) charter in Wyoming in September 2020source
- Quarterly trading volume
- $207 billion in quarterly trading volume by 2025source
- Co-CEOs
- Arjun Sethi and Dave Ripleysource
WYDE coverage of Kraken
Newsletter
The Creator Economy Crossed $1 Billion, the CLARITY Act Died in the Senate, and Everyday Money Kept Ending Hunger. Over 70,600 Meals.
Sep 19, 2026 · 7 min read
Crypto & DeFiNasdaq Invests $100 Million in Kraken Parent Payward to Expand Tokenized Stocks
Sep 12, 2026 · 2 min read
NewsletterJPMorgan Warns Food Inflation Could Double, Citi Will Custody Bitcoin, and EAT Tops Charity Tokens. Over 65,000 Meals.
Aug 22, 2026 · 7 min read
Crypto & DeFiKraken Launches a 2% Cash-Back Crypto Debit Card in the US Fintech Race
Aug 21, 2026 · 2 min read
Crypto & DeFiCitadel Securities Invests $400 Million in Crypto.com at a $20 Billion Valuation
Jul 16, 2026 · 2 min read
Crypto & DeFiKraken Moves to Take a 15% Stake in DeFi Lender Aave at $385 Million
Jun 25, 2026 · 2 min read
NewsletterWe signed Feed the Children. The White House debunked the banks. Iran priced Hormuz in Bitcoin. 20,000 meals.
Apr 13, 2026 · 7 min read
Crypto & DeFiKraken's Limited-Purpose Fed Account Hits April 10 Deadline as Waters and Banking Lobby Build Joint Pushback
Apr 13, 2026 · 3 min read
Newsletter$16 Billion in Fraud, $4 Billion in Phantom Charity, and 90 Days to Launch
Feb 28, 2026 · 5 min read
Crypto & DeFiWyoming LLC Formations Surge Past Every State Except Delaware
Feb 28, 2026 · 2 min read
Newsletter$EAT Hits 7,449 Meals While Ethereum Crashes 37%. Here's Why We Keep Building.
Feb 6, 2026 · 5 min read
Sources
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