Is Kraken a Scam? Regulation Check 2026
The Kraken entry was pulled from the FCA cryptoasset register register. This is what the public record returns.
Verdict
The record clears Kraken: it holds FCA cryptoasset register licence Registered, which clears it to offer trading in United Kingdom.
How to verify on the official register
| Regulator | FCA cryptoasset register FCA cryptoasset register |
| Licence Number | Registered |
| Regulated Entity | Payward Ltd |
| Founded | 2011 |
What FCA cryptoasset register regulation means
Under FCA cryptoasset register, an exchange must ring-fence client funds in segregated accounts, carry negative balance protection, and open its books to independent audit. A complaint can be filed with FCA cryptoasset register directly.
What the FCA cryptoasset register registration buys you
- Client funds ring-fenced in segregated accounts, apart from Kraken's own capital
- Negative balance protection, so a loss cannot run past the deposit
- A direct line to FCA cryptoasset register for a complaint should Kraken leave one unresolved
- Independent financial audits of Kraken, run on a schedule under FCA cryptoasset register oversight
Frequently Asked Questions
Is Kraken a scam or legitimate?
The record clears Kraken. It holds FCA cryptoasset register licence Registered, and FCA cryptoasset register ranks among the most respected financial regulators — the entry confirms in public on the FCA cryptoasset register register.
How do I check Kraken's FCA cryptoasset register licence?
Open the official FCA cryptoasset register site and run its register search. Key in licence Registered or the entity name; the entry returns Kraken's authorisation status and the exact scope of its permissions.
Are my funds safe with Kraken?
Under FCA cryptoasset register, Kraken is required to hold client funds in segregated bank accounts, walled off from company money — cover that stands even if Kraken runs into trouble.
What protection do I have as a Kraken client in United Kingdom?
In United Kingdom, Kraken answers to FCA cryptoasset register. On the record that means segregated client funds, negative balance protection (losses cannot run past your deposit), and a direct channel to file a complaint with FCA cryptoasset register.
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