Kraken
LeaveRussia detail: Scaling Back
Kraken is a United States–based cryptocurrency exchange and bank, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at $10.8 billion USD, as of mid-summer 2022.
Decision trail
Decision date 20/11/2022 · Reference ↗
US authorities suspected Kraken of violating sanctions. In February 2022, Powell rejected a proposal to block the accounts of all users from Russia without legal requirements. He emphasized his respect for the people of Ukraine, but explained his position with libertarian values. Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union.Russian users would be able to withdraw their funds by request.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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