Kraken co-CEO Arjun Sethi says the exchange has about 7 million funded accounts
Sethi frames the milestone as an early chapter in parent company Payward's push beyond crypto trading into broader financial infrastructure
Kraken has roughly 7 million funded accounts around the world, according to co-CEO Arjun Sethi. He also says the company is only getting started.
That second part is the more interesting claim. Kraken is no longer pitching itself as just a place to buy Bitcoin. It is trying to become something closer to a full-service financial company.
The numbers behind the milestone
A funded account is one that actually holds money, not just an email address and a forgotten password. That makes it a tougher metric than raw signups.
Sethi put the current figure at about 7 million worldwide. Other disclosures tied to Sethi placed the count at approximately 6.6 million as of September 2026. At the end of 2025, the number stood at 5.7 million.
The research also points to 42% year-over-year growth measured from mid-2025.
Assets on the platform tell a similar story. Kraken holds somewhere between $40 billion and $50 billion in customer assets. At the end of 2025, that figure came in at $48.2 billion.
The exchange operates in more than 190 countries and territories.
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Payward’s 2025 report card
Payward, Kraken’s parent company, posted $2.2 billion in adjusted revenue for 2025. That marked a 33% increase from the year before.
Total transaction volume across the platform hit $2.0 trillion in 2025, up 34% year over year.
From exchange to financial plumbing
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.
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.
The product list is growing alongside the deal list. Kraken is rolling out or building cards, lending, derivatives and tokenized equities. Tokenized equities are digital tokens that represent shares of traditional stocks, letting them trade on crypto rails.
The pitch ties it all together with a single balance sheet and a single regulatory framework, where a customer could theoretically trade, borrow, spend and invest without bouncing between multiple apps and compliance departments.
Why the 7 million figure matters
The NinjaTrader deal brings in traders from traditional markets who could eventually be nudged toward crypto products, while existing crypto-native customers become a potential market for traditional financial products.
Integrating large acquisitions is notoriously messy. Merging different technology stacks, customer cultures and regulatory obligations rarely goes as smoothly as the press release implies. Operating across more than 190 countries and territories means answering to a long list of regulators with very different views on crypto, lending and tokenized securities.
Kraken’s edge, if it has one, is scale combined with a long operating history in crypto. Roughly $48.2 billion in assets at the end of 2025 and $2.0 trillion in annual volume give it real weight in those conversations.