Kraken co-CEO Arjun Sethi says the exchange has about 7 million funded accounts
Key Summary
Kraken has approximately 7 million funded accounts worldwide, according to co-CEO Arjun Sethi, who also claims the company is just getting started in its transformation from a traditional crypto exchange to a full-service financial infrastructure platform. This growth is accompanied by a 42% year-over-year increase in funded accounts and a significant expansion into traditional financial services.
#Overview Kraken has roughly 7 million funded accounts around the world, according to co-CEO Arjun Sethi. This milestone marks a significant growth in the company's user base and indicates its expanding presence in the global financial landscape.
#Key Metrics A funded account is one that holds money, not just an email address and a forgotten password. Kraken's current figure is approximately 7 million worldwide, with a 42% year-over-year growth measured from mid-2025. The number stood at 5.7 million at the end of 2025.
#Expansion into Traditional Financial Services Sethi has described Kraken as being early in a broader transformation. The plan is to move from a traditional crypto exchange toward a comprehensive financial infrastructure platform under Payward, housing trading, banking, asset management, and institutional services.
#Acquisitions and Partnerships Payward spent $1.5 billion on NinjaTrader, a deal that gives Kraken a foothold with traders who may never have touched crypto. It also paid $550 million for Bitnomial, fitting into the derivatives side of the expansion.
#Regulatory Framework Kraken operates in more than 190 countries and territories, requiring it to answer to a long list of regulators with very different views on crypto, lending, and tokenized securities.
#Conclusion Kraken's edge, if it has one, is scale combined with a long operating history in crypto. The company's growth and expansion into traditional financial services demonstrate its commitment to becoming a full-service financial company.