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September 3, 2025Kraken Blog logoKraken Blog

Kraken #1 in Kaiko’s Q3 2025 exchange ranking: A win built on client-first innovation

Every decision we make comes back to one principle: Building the best possible experience for our clients. That’s why we are proud to announce that Kaiko has ranked Kraken as the #1 global crypto exchange for Q3 2025 – our first-ever top finish, completing our steady rise from #3 in Q1 2025 and #2 in Q2 ￰0￱ recognition is about more than where we stand now. It’s about how we got here: By listening to our clients, strengthening our infrastructure and pushing the industry forward with transparency and ￰1￱ off, who is Kaiko? Kaiko is one of the world’s leading providers of digital asset market ￰2￱ quarterly exchange ranking methodology evaluates global trading venues across a wide range of criteria including governance, security, technology, liquidity, business and data ￰3￱ ranking is widely followed by institutions, regulators and market participants, making it a meaningful benchmark of exchange quality and ￰4￱ to #1: What the ranking reveals Our top position in Kaiko’s Q3 2025 ranking highlights categories where Kraken continues to lead: Security Kraken earned a 100 – the highest possible security score and six points higher than any other ￰5￱ reflects our uncompromising approach to asset protection, robust custody systems and industry-leading ￰6￱ trust us with their financial freedom and we take that responsibility ￰7￱ quality Accuracy, timeliness and transparency are essential for client ￰8￱ regularly publish our Proof of Reserves and our real-time data feeds empower traders and institutions with unparalleled ￰9￱ Deep order books and tight spreads make for smoother execution at the price you ￰10￱ liquidity ensures clients – from everyday traders to global institutions – can trade with efficiency and ￰11￱ strength From product breadth to executive leadership, our business fundamentals remain ￰12￱ reflects both our innovative spirit and our strong foundation which enable us to continue delivering for clients.

Together, these pillars reinforce what matters most: Building a leading platform that clients can rely on every ￰13￱ based on our client-first philosophy That’s because every high mark ties back to a simple truth: Clients deserve a platform they can rely ￰14￱ means peace of mind Data quality means confidence in every trade Liquidity means fairness and efficiency Business strength means innovation for the long run These are not abstract metrics – they are the lived experience of Kraken clients. “Reaching #1 is a powerful milestone, but it’s only the ￰15￱ 100-out-of-100 score in Security shows how client protection is always our non-negotiable first priority,” said Kraken co-CEO Arjun Sethi.

“When you pair that with deep liquidity, transparent data and relentless innovation, you build more than an exchange – you build trust. That’s what Kraken stands for and that’s how we’ll continue to accelerate the global adoption of crypto.” Building better from the #1 spot Our rapid rise through Kaiko’s rankings is proof that prioritizing clients drives sustainable ￰16￱ validates our vision of a crypto ecosystem that is transparent, resilient and accessible for all. We’re proud to be leading the industry in ￰17￱ more importantly, we’re excited for what comes next: Continuing to raise the bar for client experience, building new products and expanding global access to ￰18￱ at Kraken, #1 is not the finish line – it’s the foundation for the ￰19￱ Started with Kraken

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