Key Takeaways
- Kraken obtained 6,826 information requests in 2024, up 39% from 2023.
- The FBI was the highest U.S. company requesting information, with 614 requests.
- Kraken supplied information for 57% of all regulatory and enforcement requests.
San Francisco-based trade Kraken noticed a pointy rise in regulatory and enforcement information requests in 2024, in keeping with its transparency report launched on Feb. 19.
The corporate obtained 6,826 requests from 71 nations, marking a 39% improve in comparison with 2023.
U.S. company requests
The USA accounted for the most important share of requests, with 1,951 inquiries.
The FBI was probably the most lively U.S. company, issuing 614 requests—31% of all U.S. inquiries.
The SEC, which sued Kraken in 2023 over alleged unregistered trade operations, accounted for 1.9% of U.S. company requests however made up 37% of regulatory-specific inquiries.
Knowledge provision particulars
Kraken disclosed that it supplied information for 57% of complete requests, involving data on 10,369 accounts.
Most queries pertained to purchasers within the U.S., the UK, and Germany.
Different U.S. regulators requesting information included the Commodity Futures Buying and selling Fee (CFTC), the Workplace of International Belongings Management (OFAC), and state companies.
Worldwide requests
Past the U.S., Germany, the UK, and Australia have been among the many high requesters.
Spain, Canada, France, Italy, and the British Virgin Islands additionally ranked within the high 10.
Monetary efficiency
The report follows Kraken’s annual monetary disclosure, which revealed $1.5 billion in income for 2024, a 128% improve from 2023.