Kraken Supported Countries: Is Your Country Excluded?
October 30, 2023
3 min read
Introduction: Kraken is a popular cryptocurrency exchange based in the United States that allows users to trade over 200 cryptocurrencies including Bitcoin, Ethereum, and Litecoin. In this breakdown, we outline which countries are supported and which are prohibited from using the Kraken platform. Keep reading and find out if your country is supported by Kraken!
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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 like Germany, France, Spain, the UK and many others.
Kraken has over 9 million registered users so no matter where you are, you can use Kraken to buy, sell and trade over 200 cryptocurrencies safely and easily.
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) in the United States Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in Canada Financial Conduct Authority (FCA) in the United Kingdom Abu Dhabi Global Market (ADGM) in the United Arab Emirates Virtual Asset Service Provider in Italy Digital Currency Exchange (DCE) by AUSTRAC in Australia Abu Dhabi Global Market (ADGM) by FSRA in Abu Dhabi
Is Kraken available in the US?
Kraken is a popular cryptocurrency exchange that was founded in 2011 and is headquartered in San Francisco, California.
As such, Kraken is available to US residents and the platform is fully compliant with US regulations as it's regulated by FinCEN.
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.
Where is Kraken based?
Kraken was founded by Jesse Powell in 2011 and is headquartered in San Francisco, California.
Being an exchange native to the United States, the exchange gone through all the trials and tribulations associated with being fully regulated in the US.