Wikilix
Licence record

Kraken: CySEC licence 342/17

Issuing authority
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Licence type
Investment Advisory License

This is Wikilix's record of a licence issued by Cyprus Securities and Exchange Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Aug 3, 2026

Licence Verification Record

Cyprus Securities and Exchange Commission 342/17

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Payward, Inc
Issuing authority
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Licence type
Investment Advisory License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/kraken/licenses/cyprus-securities-and-exchange-commission/342-17Fields on file 2 / 11

Open KrakenAll Kraken licencesAbout CySEC
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
Cyprus
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
342/17
Licence type (Wikilix classification)
Investment Advisory License
The authority

About CySEC

Cyprus Securities and Exchange Commission is the authority that issued this licence, and the jurisdiction it applies in is Cyprus.

Full name
Cyprus Securities and Exchange Commission
Jurisdiction
Cyprus
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2001
Oversight
A government or statutory body
Firms we track under it
216 firms
Regulates
Forex, Stocks, Options, Derivatives, Commodity, Securities, Futures, CFD
Licences it issues
CIF – Own Account / Matched Principal (CFDs)
Typical cost of a licence
€50000-100000
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

CySEC's own rules for the firms it authorises.

  • Compensation schemeUp to €20000 (ICF)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeCyprus Financial Ombudsman
  • Maximum leverage1:30
This describes the authority's regime, not how Kraken applies it.
The holder

Who holds this licence

The licence above is recorded against Kraken. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Payward, Inc
Based in
United States
Wikilix score
57.9the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • PAYWARD, INC.United States · Reg. 5017249 · Sep 22, 2018
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Kraken holds

3 other licences are on record for Kraken.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
The minimum deposit amount to open an account with Kraken is 1 USD. This applies to supported deposit methods such as ACH Transfer and PayPal for U.S. customers.
Yes, Kraken offers 24/7 live chat support in English. They also provide support via email for general inquiries, technical support, and complaints.
Kraken offers a maximum leverage of 5, but this can vary depending on the firm and local regulations. Specific leverage details may differ based on jurisdiction and account type.
Kraken supports several deposit methods for U.S. customers including ACH Transfer, PayPal, FedWire via Dart Bank, and instant bank transfers through CUBIX™. Deposits typically have no fees and require the bank or PayPal account name to match the Kraken account.
Kraken is regulated in the United States and registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. It operates under US AML regulations but does not hold a broker license. Client fund insurance and protections vary by jurisdiction.
Licence 342/17 was issued by Cyprus Securities and Exchange Commission (CySEC), the financial authority for Cyprus.
Kraken holds this CySEC licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the CySEC register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates CySEC tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
Kraken has 3 other licences on record with Wikilix, across 3 jurisdictions. They are listed further down this page.
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