Kraken vs Bullish Exchange
Per-trade cost favours Bullish Exchange (0.04% taker, vs 0.4%). On listing breadth Kraken wins (250 assets vs 50). In our editorial rating Kraken leads (4.9 vs 4.4). For frequent trading, fees and liquidity matter most; for long-term holding, licences and reserve transparency do — weigh the points above against your usage.
| Kraken | Bullish Exchange | |
|---|---|---|
| Tier | S | A |
| Rating | ★ 4.9 | ★ 4.4 |
| Maker / Taker fee | 0.25% / 0.4% | 0% / 0.04% |
| Markets | Spot + Derivatives | Spot + Derivatives |
| Max leverage | 50× | 7× |
| Supported assets | 250+ | 50+ |
| Fiat on-ramp | Yes | Yes |
| Deposit methods | SEPA, SWIFT, Bonifico bancario, Carta di credito/debito, FedWire/ACH (USA), Faster Payments (UK), Interac e-Transfer (Canada), PayPal, Deposito crypto | Bank wire, SWIFT, SEPA, Crypto transfer |
| Geo restrictions | New York (USA), Maine (USA), Washington State (USA), Hawaii (USA, limitato) | — |
| Staking / Earn | ETH ~3-3.5% APY, Solana, Polkadot, Kusama, Cardano. Staking reinstated USA gennaio 2025. Kraken Prime per istituzionali. | — |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | US, EEA, UK, APAC · 60+ countries | US, EEA, APAC · 30+ countries |
| Stocks | Tokenised — a claim on the issuer, not the security | — |
| Token issuer | Offerte nel SEE da Payward Europe Digital Solutions (CY) Ltd, CySEC 342/17 | — |
| Fractional shares | Yes | — |
| ETF | Yes | — |
| Stock and ETF commission | 0% when buying in USDG or USD; standard trading fees with other assets | — |
| Italian withholding agent | No — you self-declare | — |
| Regulator | FinCEN, FCA, CSSF, MAS, BaFin, AMF, CONSOB, etc. | GFSC (Gibraltar) |
| OAM Italy registration | Yes | — |
| Segment | B2C | B2C |
| Trading pairs | — | 50+ |
| 24h volume | — | $150M |
| Regions | US, EU/EEA, UK, APAC | US, EU/EEA, APAC |
| Licences & safety | Money Services Business + EMI partner UK | Gibraltar DLT |
Frequently asked questions
Kraken vs Bullish Exchange: which is better?
Per-trade cost favours Bullish Exchange (0.04% taker, vs 0.4%). On listing breadth Kraken wins (250 assets vs 50). In our editorial rating Kraken leads (4.9 vs 4.4). For frequent trading, fees and liquidity matter most; for long-term holding, licences and reserve transparency do — weigh the points above against your usage.
Which is cheaper, Kraken or Bullish Exchange?
On the standard spending profile Kraken has the lowest net annual cost: €0 versus — for Bullish Exchange.
Is Kraken custodial or self-custody?
Kraken is custodial: funds are held by the platform, while Bullish Exchange is custodial.