Kraken Jumps to #2 in Kaiko’s Global Exchange Rankings

Kraken has climbed to #2 globally in Kaiko’s Q2 2025 Exchange Ranking, overtaking Binance and now trailing only Coinbase. The ranking evaluates exchanges on liquidity, security, compliance, and data transparency.

Kraken scored especially high in business strength, market quality, and data reliability—earning a perfect score in the Business category.

Our view: Kraken’s rise reflects growing institutional trust and regulatory strength. With deeper liquidity and broader product coverage, it's cementing its place as a top-tier global exchange.

Sources: blog.kraken.com