Exchange
Kraken
Long-standing US exchange. Proof-of-reserves attestations.
Composite Risk
42
Watchlist
AI Analitik Brifinqi
On-chain reserves
$16.96B
Reported liabilities (est.)
$22.00B
77% covered on-chain
Last on-chain activity
18h ago
across 14 chains
Risk Decomposition
Reserve Adequacy25% weight
26On-chain balance vs reported customer liabilities.
Outflow Velocity25% weight
40Lifetime asset turnover — proxy for bank-run vulnerability.
Concentration20% weight
76Top-3 token share of total reserves.
Counterparty Quality15% weight
22Regulatory standing, audit history, incident track record.
Liquidity Profile15% weight
51Stablecoin share and chain diversification.
Recommendation Justification
- On-chain reserves cover 77% of reported customer liabilities.
- Top-3 tokens hold 83% of reserves — concentration risk.
- Stablecoin share only 11.1% — limited settlement liquidity.
Composite
42.4 / 100
Top Holdings
| Token | Chain | USD | Share |
|---|---|---|---|
| btc | Bitcoin | $10.39B | +61.28% |
| eth | Ethereum | $1.76B | +10.36% |
| usdc | Ethereum | $1.09B | +6.42% |
| usdt | Tron | $284.60M | +1.68% |
| sol | Solana | $252.71M | +1.49% |
| zec | Zcash | $206.57M | +1.22% |
| usdg | Ethereum | $191.86M | +1.13% |
| usdt | Ethereum | $188.52M | +1.11% |
| link | Ethereum | $176.65M | +1.04% |
| paxg | Ethereum | $100.07M | +0.59% |
Chain Distribution
Bitcoin$10.39B · 61.3%
Ethereum$4.11B · 24.2%
Solana$654.78M · 3.9%
Tron$294.45M · 1.7%
Zcash$206.57M · 1.2%
Hyperevm$97.69M · 0.6%
Arbitrum$80.79M · 0.5%
Dogecoin$77.51M · 0.5%
Counterparty Graph · Top Bilateral Flows
| Counterparty | Sent → | Received ← | Net | Transfers |
|---|---|---|---|---|
| Wintermute | $3.03M | $0.00 | $-3.03M | 2 |
| Polygon | $855.8K | $0.00 | $-855.8K | 1 |
Recent Large Transfers
| Time | Chain | Token | USD | From | To |
|---|---|---|---|---|---|
| 1m ago | Tron | USDT | $500.3K | TAZLgZ…pqTr | Kraken ↗ |
| 1m ago | Tron | USDT | $701.2K | Kraken | TVFxAQ…wAoc ↗ |
| 2m ago | Solana | USDT | $1.33M | Kraken | Wintermute ↗ |
| 2m ago | Solana | USDT | $1.33M | Kraken | Kraken ↗ |
| 3m ago | Ethereum | USDC | $839.3K | 0x9736…91c0 | Kraken ↗ |
| 6m ago | Solana | USDT | $820.6K | Kraken | A4V6MU…iATS ↗ |
| 7m ago | Ethereum | USDC | $10.00M | Kraken | 0x409f…86EF ↗ |
| 7m ago | Bitcoin | ? | $1.20M | Kraken | — ↗ |
| 7m ago | Bitcoin | ? | $602.3K | Kraken | — ↗ |
| 7m ago | Bitcoin | ? | $1.19M | — | Kraken ↗ |
| 7m ago | Bitcoin | ? | $1.99M | Kraken | — ↗ |
| 7m ago | Bitcoin | ? | $4.15M | — | Kraken ↗ |
| 7m ago | Bitcoin | ? | $1.89M | — | Kraken ↗ |
| 9m ago | Tron | USDT | $726.6K | THNfNg…2zdW | Kraken ↗ |
| 14m ago | Solana | USDT | $1.70M | Kraken | Wintermute ↗ |
| 15m ago | Solana | USDT | $1.00M | Kraken | 49HcPY…myLx ↗ |
| 15m ago | Polygon | USDC | $855.8K | 0x0000…0000 | Kraken ↗ |
| 15m ago | Bitcoin | ? | $859.8K | — | Kraken ↗ |
| 16m ago | Ethereum | USDC | $981.7K | 0x9736…91c0 | Kraken ↗ |
| 17m ago | Ethereum | USDT | $600.0K | Kraken | 0x7042…b6c2 ↗ |