Kraken Climbs to Third in Global Exchange Ranking, Driven by Governance and Security
2min read Kraken has made a significant leap in the global exchange ranking, climbing to the third position in Kaiko’s Q1 2025 assessment. This marks a substantial improvement from its seventh place ranking in the previous year, among the 44 largest centralized crypto exchanges. The ranking is based on critical factors such as governance, security, technology, and liquidity, reflecting Kraken’s continued industry leadership and commitment to its clients.
Kaiko, a leading provider of cryptocurrency market data, analytics, and indices, conducts an independent quarterly assessment of spot cryptocurrency exchanges. This assessment ranks exchanges based on various factors, including liquidity, to provide businesses with institutional-grade, regulatory-compliant solutions.
Kraken’s improved ranking can be attributed to several key factors that align closely with Kaiko’s evaluation criteria. The exchange’s relentless focus on governance, liquidity, security, and data transparency has contributed to a stronger, more resilient platform for its clients. Kraken has long been an advocate for regulatory clarity and compliance, staying true to its mission of accelerating the adoption of cryptocurrency for financial freedom and inclusion. In 2024, Kraken further strengthened its legal and compliance frameworks by implementing a new Marketplace Rulebook that outlines clear trading standards and best practices. Additionally, the exchange expanded its educational content on anti-money laundering (AML), know-your-customer (KYC), and counter-financing of terrorism (CFT), ensuring that clients and institutional partners understand the importance of regulatory compliance. Kraken’s industry-leading Proof of Reserves continues to set the standard for transparency in asset verification.
Kraken is renowned for its best-in-class liquidity and market depth, making it the go-to exchange for traders who prefer to operate against fiat currencies. The exchange’s USD and EUR order books are among the deepest in the industry, providing superior liquidity that minimizes slippage and improves execution quality. By enhancing market depth and order book efficiency, Kraken has created a more attractive trading environment for both institutional and retail investors.
Security is at the core of Kraken’s platform. The exchange’s top security professionals employ a risk-based approach to continuously refine security protocols, ensuring that clients’ assets remain protected at the highest levels. Kraken’s rigorous infrastructure safeguards and account protection measures help maintain its reputation as one of the most secure crypto exchanges in the world.
Transparency is fundamental to Kraken’s approach, and the exchange’s commitment to accurate, complete, and reliable trading data helped it stand out in Kaiko’s rankings. Kraken provides real-time and historical trade data, including OHLC (open, high, low, close) pricing with granularity in eight time intervals (1, 5, 15, 30, 60, 240, 720, and 1440 minutes). This data is available through Kraken’s REST and WebSocket APIs, which offer high rate limits to ensure seamless access for traders and developers alike.
This recognition from Kaiko reaffirms Kraken’s position as one of the world’s top crypto exchanges. The exchange’s relentless focus on security, governance, liquidity, and transparency ensures that it continues to provide a superior trading experience for its clients. As traders demand more trustworthy and well-regulated platforms, Kraken remains a top choice for those seeking a secure, liquid, and reliable exchange. The exchange looks forward to building on this momentum and setting even higher standards for the industry.
