Is Kraken a cryptocurrency exchange?

By tailoring its services to adhere to specific regulations, Kraken demonstrates a commitment to maintaining a high level of compliance, which is essential for building trust and credibility among its user base.

Kraken distinguishes itself as an exchange platform, emphasizing its primary function as a venue for cryptocurrency trading, rather than a provider of wallet services. This focus aligns with its CORE mission of facilitating efficient and secure transactions among users.

Despite the limitations for U.S. residents, Kraken continues to offer a robust platform for users in other regions to engage in cryptocurrency trading. Its exchange services cater to a global audience, enabling seamless transactions and fostering a vibrant trading community.

Notably, Kraken's services are not fully accessible to residents of the United States. This limitation is a strategic decision, reflecting the company's efforts to navigate the complex regulatory landscape in the American market.

The restriction on U.S. residents accessing all of Kraken's services is not an isolated case within the cryptocurrency industry. In fact, it is a common practice among many leading crypto exchanges, who similarly adjust their offerings to comply with varying regulatory requirements across different jurisdictions.