Where is Krak licensed or regulated?

Last updated: 13 ліпеня 2026 г.

We welcome clients from all over the world, with a few specific exceptions due to international and local regulations. Depending on your verified residency, you may have certain restrictions on your account, including with respect to the crypto assets you can buy, sell and deposit. Refer to our Terms of Service for complete information on our eligibility criteria. Some account features are only available at certain verification levels.

Our funding providers may, at their own discretion, deny funding to certain geographical locations.

Some regions are not yet able to use debit or credit cards for funding. Please refer to our FAQ on debit and credit cards for the full list of accepted regions.

As jurisdictions continue to develop cryptocurrency regulatory frameworks for local operations, we engage with regulators globally in order to serve clients in a compliant manner. We currently hold the following registrations, licenses, authorizations and approvals:

Europe

Cyprus

In Cyprus, Payward Europe Digital Solutions (CY) Limited is regulated by CYSEC as an Investment Firm (MiFID) with licence number 342/17, authorised to offer certain investment and ancillary services.

European Economic Area (EEA)

In Ireland, Krak has the following licenses, which it has passported to all EEA countries. All EEA customers will contract with these entities if they avail of the services provided:

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Payward Ireland Limited, trading as “Kraken”, is licensed as an E-Money Institution (EMI) with the Central Bank of Ireland (CBI) (Registration no. C453020) to provide e-money and related payments services including credit transfer services.
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Payward Europe Solutions Limited, trading as “Kraken”, is licensed as a Crypto Asset Service Provider (CASP under MiCA) with the CBI (Registration No. C468360) to provide:

The custody and administration of crypto-assets on behalf of clients

The exchange of crypto-assets for funds or other crypto-assets

The execution of orders for crypto-assets on behalf of clients

The reception and transmission of orders for crypto-assets on behalf of clients

Providing placing of crypto-assets services

Providing transfer services for crypto-assets on behalf of clients

Providing portfolio management on crypto-asset

In Ireland, Payward Global Solutions Limited, trading as “Kraken”, is licensed as a CASP (under MiCA) with the CBI (Registration No C559106), to operate a trading platform for crypto-assets.

EEA Clients are subject to the following restrictions:

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Cannot deposit or trade: AKE, ALEO, ALLO, AMI, APXUSD, ART, ASSET, AUDX, AURA, AUSD, BASED, BDX, BLUE, BRL1, CASH, CFX, CGN, CHECK, COPM, DAI, EDEN, ESX, EURT, EVAA, FF, FIDD, FOLKS, FRNT, GENIUS, GWEI, HEMI, MET, MXNB, OPN, PACT, PEP, PROS, PYUSD, QCAD, RLUSD, RNBW, ROBO, SOMI, ST, STABLE, STBL, SUP, TAKE, TEA, TGBP, TUSD, U2U, UAI, UMXM, UNITAS, USD1, USAT, USDD, USDE, USDS, USDT, USDT0, UST, VELVET, VOOI, WAR, WFB, XAUT, XMR, 1MBABYDOGE*, ACE*, ARK*, AUKI*, BABYDOGE*, BANANA*, BKR*, BOOST*, BROCCOLI*, BUZZ*, CATI*, CETUS*, CUDIS*, D*, ENRON*, FAI*, GPS*, GROK*, HAEDAL*, HTX*, HYB*, HYPER*, IKA*, J*, JELLYJELLY*, KINTO*, MLG*, NAVX*, NC*, NFT*, NS*, PIPPIN*, SEND*, SHADOW*, SHELL*, SOMA*, TOILET*, TST*, VIDT*, WAVES*, WXTM*, XVG*.

* Restricted in Germany only.
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USDG Rewards is not available to clients residing in the EEA.
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Clients residing in the EEA cannot use Babylon Bitcoin Staking.
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Opt-in Rewards (OIR) in the EEA is only available for Bitcoin.

* EEA - Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden

United Kingdom

In the United Kingdom, Kraken operates locally as a Financial Conduct Authority (FCA)

Registered Cryptoasset Firm (Payward Limited., FRN 928768) under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

Kraken is also authorised by the FCA as an Electronic Money Institution (Payward Services Limited, FRN 1010381) under the Electronic Money Regulations 2011.

To offer certain crypto asset-related services to eligible clients, Kraken also maintains a FCA Authorised Investment Firm (FRN 757895) through its subsidiary Crypto Facilities Limited.

Under UK regulatory requirements, all newly verified UK retail Kraken accounts are subject to a mandatory 24-hour cooling-off period before trading can begin.

Clients residing in the UK are subject to the following restrictions:

Opt-in reward restrictions

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Clients residing in the United Kingdom cannot use Opt-in Rewards.

Defi Earn restrictions

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DeFi Earn is not available in the United Kingdom.

Cryptocurrency restrictions

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Cannot deposit or trade BDX, LCAP, TREMP, WAR, and XMR
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Cannot buy or sell HNT.

Derivatives trading restrictions

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Retail clients living in the United Kingdom cannot trade derivatives.

Kraken Drops restrictions

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Clients located in the UK cannot participate in the Kraken Drops program.

xStocks restrictions

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xStocks are not available in United Kingdom.
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The SpaceX IPO via xStocks is not available to clients in United Kingdom.

North America

Canada

To serve clients in Canada, Kraken operates as a registered Restricted Dealer, registered with the Ontario Securities Commission and the securities regulators in each of the provinces and territories of Canada. Kraken also maintains registration as a Money Services Business with FINTRAC (‘Payward Canada, Inc.’, MSB Registration No. M19343731). For a complete overview of all regulatory updates and what they mean for Canadian clients, please visit: Canada regulatory updates.

Clients residing in Canada are subject to the following restrictions:

Account verification

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Clients in Canada will need to verify their account.

Earn restrictions

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Cannot use Opt-in Rewards.
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Cannot stake GRT or FLR.
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Clients residing in Canada cannot use Babylon Bitcoin Staking

Cryptocurrency restrictions

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Cannot trade ETH2.S, however can stake ETH.
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Cannot deposit, hold or trade ACA, AGLD, AIN, AKE, ALBT, ALCH, ALICE, ALLO, ALMANAK, AMI, AMP, ANC, ANLOG, APXUSD, ARC, ART, ASSET, ATLAS, AUDX, AURA, AURY, AUSD, AVAAI, AVT, AXL, BASED, BDXN, BILL, BKS, BLESS, BLUAI, BLUE, BODEN, BOO, BRL1, BZZ, C98, CASH, CATI, CGN, CHECK, CHEX, CLOUD, CMETH, COOKIE, COPM, CORN, CRU, CSM, CTC, DAI, DAR, DBR, DIA, DMC, DOLO, DUCK, EDEN, EDGE, EFI, ENA, EPT, EQ, ESX, EURC, EUROC, EUROP, EURQ, EURR, EURT, EV, EVAA, FF, FIDD, FLOCK, FLY, FOLKS, FOREST, FRNT, FRX, GAIA, GEIST, GENIUS, GENS, GLM, GMX, GOO, GRASS, HDX, HEMI, HMSTR, HMT, HOLO, HSK, INTR, IR, JITOSOL, K, KERNEL, KIN, KINTO, KMNO, KOBAN, L3, LAYER, LAYR, LINEA, LION, LMWR, LOOKS, LSETH, MAT, MC, MDT, MET, METH, MOCA, MXNB, NEST, NKN, NMR, NODE, NODL, NYM, OBOL, OMNI, OPN, ORDER, OTP, OXY, PACT, PARA, PARTI, PAXG, PEOPLE, PICA, PIPE, PLANCK, PNG, PORTAL, PRCL, PROS, PSTAKE, PYUSD, Q, QUICK, RAIIN, REQ, REZ, RHEA, RLUSD, RMRK, RNBW, ROBO, RON, ROOK, ROSE, RVV, SAROS, SCA, SDN, SIDEKICK, SKL, SKU, SLP, SNT, SOGNI, SOMI, SPICE, SPK, ST, STABLE, STBL, STEP, STRONG, SWARMS, TAC, TAKE, TANSSI, TBTC, TEA, TEER, TGBP, THQ, TNSR, TRB, TREE, TREMP, TUSD, U, U2U, UAI, UMXM, UNITAS, UNITE, USAT, USD1, USDD, USDE, USDG, USDQ, USDR, USDS, USDT, USDT0, UST, VELVET, VGX, VOOI, VRA, W, WAR, WAXL, WAXP, WBTC, WEN, WETH, WFB, WNXM, XAUT, XAVA, XMR, XNAP, XOR, XRT, YALA, YB, YGG, and ZEX.

Krak restrictions

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USDG is not available to clients residing in Canada.

Margin trading restrictions

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Clients residing in Canada cannot trade using margin.

Derivatives trading restrictions

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Clients residing in Canada cannot trade derivatives.

XStocks Limitations:

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xStocks are not available in Canada.
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The SpaceX IPO via xStocks is not available to clients in Canada.

United States

To serve clients in the United States (US), Kraken maintains a registration as a Money Services Business with FinCEN (‘Payward Interactive, Inc.’, MSB Registration No. 31000270997766). To offer digital asset custody services to eligible clients, Kraken also maintains through its subsidiary ‘Kraken Financial’ a Wyoming-chartered Special Purpose Depository Institution. Kraken offers equities trading in the US through its subsidiary Kraken Securities LLC, a broker-dealer registered with the Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority (www.finra.org) and the Securities Investor Protection Corporation (www.sipc.org). Kraken offers investment advisory services for equities and equities combination bundles through Kraken Adviser LLC, an investment adviser registered with the Securities and Exchange Commission.

Clients residing in the US are subject to the following restrictions:

Geographic restrictions

At this time, Kraken (including Kraken Securities LLC and Kraken Adviser LLC) does not offer services to residents of:

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Maine (ME)
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New York (NY)

If you move outside of these states, you can use your new address for regular verification. Be sure to provide a Proof of Residence document so we can legally provide our services to you.

Krak restrictions

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Crypto transfers are not available in the following states we serve: IN
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Fiat transfers are not available in the following states we serve: IN, LA, MA, UT
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Residents of Texas and New Hampshire cannot deposit or hold EUR, nor trade EUR pairs.
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Residents of the United States cannot deposit fiat currencies other than USD.

State-by-state custody restrictions

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Services provided by Kraken Financial are only available to eligible clients in certain states. More information on the services provided by Kraken Financial can be found here.

Cryptocurrency restrictions

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The following assets are restricted for US clients: ACA, AGLD, AIN, ALBT, ALCH, ALICE, ALMANAK, AMP, ANC, ANLOG, ARC, ART, ATLAS, AUDIO, AURY, AVAAI, AVT, AXL, BDXN, BILL, BKS, BLESS, BLUAI, BLUE, BOO, BZZ, C98, CATI, CGN, CHECK, CLOUD, COOKIE, CORN, CRU, CSM, CTC, DAR, DBR, DIA, DMC, DOLO, DUCK, EDEN, EDGE, EFI, EPT, EQ, ESX, EUROC, EV, EVAA, FF, FLOCK, FLY, FOLKS, FOREST, FRX, GAIA, GEIST, GENIUS, GENS, GLM, GOO, GRASS, HDX, HEMI, HMSTR, HMT, HOLO, HSK, INTR, IR, K, KERNEL, KIN, KINTO, KMNO, KOBAN, L3, LAYER, LAYR, LINEA, LMWR, LOOKS, MAT, MC, MDT, MOCA, MV, NEST, NKN, NMR, NODE, NODL, NYM, OBOL, OMNI, ORDER, OTP, OXY, PARA, PARTI, PEOPLE, PERP, PICA, PIPE, PLANCK, PNG, PORTAL, PRCL, PSTAKE, Q, QUICK, RAIIN, REQ, REZ, RHEA, RMRK, RNBW, RON, ROOK, ROSE, RVV, SAROS, SCA, SDN, SIDEKICK, SKL, SKU, SLP, SNT, SOGNI, SPICE, SPK, STEP, STRONG, SWARMS, TAC, TAKE, TANSSI, TEA, TEER, THQ, TRB, TREE, U, UNITE, VELVET, VGX, VOOI, VRA, WAXP, WEN, WNXM, WOO, XAVA, XNAP, XOR, XRT, YALA, YB, YGG, ZEX.

Derivatives trading

Brokerage services are provided by NinjaTrader Clearing, LLC doing business as Kraken Derivatives US, a Futures Commission Merchant registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA ID #0309379).

Margin trading requirements

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Margin trading is available to eligible US retail clients, and to US clients who self-certify as an Eligible Contract Participant (ECP).

Earn restrictions

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US clients cannot use Opt-In Rewards.
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Rewards feature on Kraken is only available to select US states.
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Flare (FLR) staking is not available in the US.

xStocks limitations:

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xStocks are not available in United States.
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The SpaceX IPO via xStocks is not available to clients in the United States.

Rest of World (ROW)

Argentina

To service clients in Argentina, Payward Trading Limited - Argentinian Branch is registered as a Virtual Asset Service Provider with the Argentinian national securities commission (Comision Nacional de Valores, CNV). This registration permits Kraken to offer crypto custody and exchange services in the region.

Defi Earn restrictions

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DeFi Earn is not available in Argentina.

Australia

In Australia, Kraken maintains local operations as a registered Digital Currency Exchange (DCE) and Independent Remittance Dealer with AUSTRAC (Bit Trade Pty Ltd, ACN 163 237 634). Kraken Derivatives are offered via Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL 545124), a Kraken group company.

Derivatives trading restrictions:

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Australian wholesale clients are able to access Kraken Derivatives via its Australian financial services licensed broker, Beaufort Fiduciaries Pty Ltd (ACN 162 139 871, AFSL 545124)

Krak restrictions:

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Crypto and fiat transfers are available through Krak to clients residing in Australia.

Earn restrictions:

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Opt-In Rewards are not available in Australia.
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DeFi Earn is not available in Australia.

Cryptocurrency restrictions:

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Australian clients cannot deposit, hold or trade ALBT, AMP, ANC, BOO, BZZ, CRU, DASH, DIA, EFI, EQ, FIDD, FRX, GEIST, HMT, LAYR, LCAP, NKN, PEOPLE, PICA, PNG, QCAD, RMRK, RON, ROSE, SKU, SLP, USAT, WAR, WAXP, WNXM, XAVA, XMR, XOR, and ZEC.

Margin trading restrictions

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Retail clients who reside in Australia cannot access fiat extensions when trading with margin without first passing a suitability test to confirm they are within the target market for the product.

XStocks Limitations:

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xStocks are not available in Australia.
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The SpaceX IPO via xStocks is not available to clients in Australia.

Bermuda

In Bermuda, Payward Digital Solutions Ltd (PDSL) holds a Class F Digital Asset Business license and is overseen by the Bermuda Monetary Authority (BMA) (registration number 202403268). PDSL serves as a broker for certain spot, derivatives and tokenized equities clients as well as a market venue for certain futures contracts (not available to customers in the EU).

Clients residing in Bermuda cannot use Babylon Bitcoin Staking.

Clients residing in Bermuda cannot use DeFi Earn.

Singapore

Kraken is not licensed or regulated in Singapore.

DeFi Earn is not available in Singapore.

UAE

In the UAE, Payward FZCO holds Broker Dealer and Investment Management license and is overseen by the Virtual Asset Regulatory Authority (License number placeholder).

In accordance with regulatory requirements applicable to Payward FZCO's operations under the Virtual Assets Regulatory Authority (VARA) and the Central Bank of the UAE (CBUAE), certain virtual assets are not available to clients onboarded through Payward FZCO. Privacy-enhanced cryptocurrencies are not available for trading, funding, or custody by UAE residents. Algorithmic stablecoins and other virtual assets prohibited under VARA's regulatory framework are similarly restricted.

Prohibited Regions

We do not serve clients, or permit cash and crypto deposits, from the following regions:

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Afghanistan
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Belarus
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Crimea, Donetsk, and Luhansk regions of Ukraine
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Cuba
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Democratic Republic of the Congo
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India
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Iran
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Iraq
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Japan
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Libya
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North Korea
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Philippines
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Russia
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Sudan
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South Sudan
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Syria

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