Kraken Supported Countries: Which Country Is Excluded?
Jack Moreau
May 2023
Fact checked
Kraken is a popular cryptocurrency exchange that allows users to trade various cryptocurrencies including Bitcoin, Ethereum, and Litecoin. In this article, we will outline which countries are supported and which are prohibited on the Kraken platform.
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Kraken Supported Countries
Kraken is available in over 190 countries around the world which includes supported countries such as the United States, Canada, Australia, Japan, and many countries in Europe. Kraken has over 9 million registered users so no matter where you are, you can use Kraken to buy, sell and trade cryptocurrencies with ease.
Kraken exchange
Kraken Restricted & Banned countries
Kraken, a popular cryptocurrency exchange platform, has certain restrictions on usage based on geographical locations. Kraken does not operate in the following OFAC countries such as Afghanistan, Cuba, Iran, Iraq, Libya, North Korea, Venezuela, Yemen, Syria, Lebanon, Iran and a few others.
Is Kraken Regulated?
Kraken is well known for being an exchange that adheres to a diverse range of regulatory standards and guidelines across several countries.
In the United States, it functions as a registered Money Services Business (MSB) under the Financial Crimes Enforcement Network (FinCEN). Similarly, it operates as a MSB in Canada, registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
In the United Kingdom, Kraken is regulated by the Financial Conduct Authority (FCA) and holds the status of a crypto asset firm and an authorized futures trading. It also holds the license of a Financial Services Provider (FSP) in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates.
To summarise, here is the full list of the regulatory bodies overseeing Kraken's operations:
Financial Crimes Enforcement Network (FinCEN) - United States
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) - Canada
Financial Conduct Authority (FCA) - United Kingdom
Abu Dhabi Global Market (ADGM) - United Arab Emirates
Virtual Asset Service Provider - Italy
Digital Currency Exchange (DCE) by AUSTRAC - Australia
Abu Dhabi Global Market (ADGM) by FSRA - Abu Dhabi
Is Kraken available in the US?
Kraken is a popular cryptocurrency exchange that offers a variety of trading pairs and advanced trading tools for its users. The exchange was founded in 2011 and is headquartered in San Francisco, California.
Kraken is available to US residents, and the platform is fully compliant with US regulations. Therefore, US citizens can use the Kraken exchange for their cryptocurrency trading needs. Kraken has gained a reputation for its security, reliability, and user-friendly interface, making it a top choice for many traders.
Can I use Kraken in UK & Canada?
Kraken is a cryptocurrency exchange that is available in both the United Kingdom and Canada. It is a popular platform for trading various digital assets such as Bitcoin, Ethereum, and Litecoin. With Kraken, users can buy, sell, and trade cryptocurrencies with ease using a variety of trading tools and features.
Additionally, Kraken offers advanced security measures to ensure the safety of user funds and personal information. Overall, Kraken is a reputable and reliable exchange that is accessible to users in both the UK and Canada.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest crypto exchanges, wallets or DeFi applications.