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    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 & DeFi

    Nasdaq Invests $100 Million in Kraken Parent Payward to Expand Tokenized Stocks

    Sep 12, 2026 · 2 min read

    Newsletter

    JPMorgan 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 & DeFi

    Kraken Launches a 2% Cash-Back Crypto Debit Card in the US Fintech Race

    Aug 21, 2026 · 2 min read

    Crypto & DeFi

    Citadel Securities Invests $400 Million in Crypto.com at a $20 Billion Valuation

    Jul 16, 2026 · 2 min read

    Crypto & DeFi

    Kraken Moves to Take a 15% Stake in DeFi Lender Aave at $385 Million

    Jun 25, 2026 · 2 min read

    Newsletter

    We 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 & DeFi

    Kraken'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 & DeFi

    Wyoming 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

    Track the institutions that move money.

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