Key Takeaways
- Kraken received 6,826 data requests in 2024, up 39% from 2023.
- The FBI was the top U.S. agency requesting data, with 614 requests.
- Kraken provided data for 57% of all regulatory and enforcement requests.
San Francisco-based exchange Kraken saw a sharp rise in regulatory and enforcement data requests in 2024, according to its transparency report released on Feb. 19.
The company received 6,826 requests from 71 countries, marking a 39% increase compared to 2023.
U.S. agency requests
The United States accounted for the largest share of requests, with 1,951 inquiries.
The FBI was the most active U.S. agency, issuing 614 requests—31% of all U.S. inquiries.
The SEC, which sued Kraken in 2023 over alleged unregistered exchange operations, accounted for 1.9% of U.S. agency requests but made up 37% of regulatory-specific inquiries.
Data provision details
Kraken disclosed that it provided data for 57% of total requests, involving information on 10,369 accounts.
Most queries pertained to clients in the U.S., the UK, and Germany.
Other U.S. regulators requesting data included the Commodity Futures Trading Commission (CFTC), the Office of Foreign Assets Control (OFAC), and state agencies.
International requests
Beyond the U.S., Germany, the UK, and Australia were among the top requesters.
Spain, Canada, France, Italy, and the British Virgin Islands also ranked in the top 10.
Financial performance
The report follows Kraken’s annual financial disclosure, which revealed $1.5 billion in revenue for 2024, a 128% increase from 2023.
