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Business ProfileforKraken
Additional business information
On September 28, 2021 , Payward Ventures, Inc. dba Kraken settled charges (CFTC Docket No. 21-20), brought against the company by The Commodity Trading Commission. The settlement stems from allegations that between June 2020 to July 2021, Kraken offered margined retail commodity transactions in digital assets to U.S. customers who were not eligible contract participants and the company failed to register as a futures commission merchant (FCM).
Without any admission of wrongdoing, Kraken has agreed to pay a $1.25 million civil penalty and will cease and desist from further violations of the Commodity Act (CEA).
At-a-glance
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Business Details
- Location of This Business
- 237 Kearny St Ste 102, San Francisco, CA 94108-4502
- BBB File Opened:
- 4/15/2014
- Years in Business:
- 12
- Business Started:
- 11/4/2011
- Number of Employees:
- 3000
- Alternate Business Name
- Kraken Pro
- Cryptowatch
- Business Management
- Mr. Jesse Powell, CEO & Founder
- Contact Information
Principal
- Mr. Jesse Powell, CEO & Founder
Customer Complaints
117 Customer Complaints
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File a ComplaintMost Recent Customer Complaint
05/31/2024
- Complaint Type:
- Sales and Advertising Issues
- Status:
- Answered
Customer Reviews
23 Customer Reviews
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Most Recent Customer Review
Brian D
06/17/2024
Local BBB
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