Kraken Shares Data with FBI and SEC in 2024

Kraken received 6,826 data requests from 71 countries in 2024, a 39% increase from 2023. The US made the most requests (1,951), with the FBI leading at 614 requests and the SEC making a smaller number of requests, accounting for 1.9% of the US total. Kraken complied with 57% of all data requests, primarily concerning users in the UK, US, and Germany, with additional requests coming from countries like Australia, Spain, Canada, and France. Despite this data sharing, Kraken states user privacy is a priority. Kraken's 2024 revenue increased by over 128% compared to 2023. They also obtained a MiFID license, enabling them to offer derivatives and advanced trading services across EU member states, following licenses in Spain and Ireland and a custody service launch in the UK.