Kraken Reports 39% Spike in Regulatory Data Requests, FBI and SEC Leading the Pack
Crypto exchange Kraken experienced a 39% surge in regulatory and enforcement data requests in 2024, driven predominantly by U.S. agencies, including the Federal Bureau of Investigation (FBI), according to its latest transparency report.
Released on February 19, the report revealed that Kraken received a total of 6,826 data requests from 71 countries throughout the year. The United States accounted for the bulk of these requests, making up 1,951 inquiries.
Within the United States, the FBI emerged as the leading agency in terms of data requests, issuing 614 inquiries—representing 31% of all U.S. requests made to Kraken.
The U.S. Securities and Exchange Commission (SEC), which filed a lawsuit against Kraken in 2023 for allegedly operating an unregistered exchange, accounted for 1.9% of total U.S. agency data requests.
Kraken Complies with 57% of Requests
Kraken disclosed that it responded to 57% of the data requests it received in 2024. These inquiries involved 10,369 Kraken accounts, primarily associated with clients based in the U.S., the United Kingdom, and Germany.
“Kraken receives many types of information requests, and we adhere to strict policies and procedures to balance compliance with legal obligations and client privacy,” the company stated.
Although the SEC represented a small fraction of Kraken’s total U.S. data requests, the agency accounted for 37% of the country’s regulatory requests, making it the most active U.S. regulator seeking information.
Other U.S. regulatory bodies requesting data from Kraken included the Commodity Futures Trading Commission (CFTC), the Office of Foreign Assets Control (OFAC), and various state regulatory agencies.
Global Data Request Trends
Outside the U.S., Germany, the United Kingdom, and Australia ranked among the top data requesters. Additional countries in the top 10 included Spain, Canada, France, Italy, and the British Virgin Islands.
Kraken emphasized its commitment to regulatory transparency, stating: “Consistent disclosure of compliance information demonstrates our long-standing commitment to fulfilling legal obligations while aligning with law enforcement and protecting client privacy.”
The company added that its core values—financial freedom, permissionless access to assets, and accelerating global crypto adoption—remain central to its operations, even as it upholds regulatory compliance.
The transparency report follows Kraken’s recent annual financial disclosure, which reported $1.5 billion in revenue for 2024—a 128% increase compared to 2023. This revenue surge reflects the company’s continued growth amid evolving regulatory and market dynamics.
