Kraken: taxes, safety and news
ExchangeOne of the oldest US crypto exchanges, founded in 2011. Its tax forms cover Kraken.com and Kraken Pro, but not its self-custody apps.
Which tax forms does Kraken send?
Kraken sends these IRS forms to US customers. The IRS gets a copy of each one.
- Form 1099-DA for sales on Kraken.com and Kraken Pro (from tax year 2025)
- Form 1099-MISC if you earn $600 or more in rewards
Taxes & IRS forms
- Kraken Taxes and Form 1099-DA: Kraken’s Combined Form 1099 ExplainedKraken sends US clients a combined Form 1099 with Form 1099-DA and 1099-MISC. What it covers, what it leaves out, and how to report it.
- Form 1099-DA Explained: What Your Crypto Exchange Reports to the IRSForm 1099-DA is the IRS form US crypto brokers use to report your sales. For 2025 it shows proceeds only; from 2026 it adds cost basis for crypto bought on the same exchange.
Kraken in the news
- Kraken adds DEBIT, OUSD, CT and WOJAK
- Kraken flags SUI, ALEO and transfer delays at once
- Kraken monitors fix for delayed USDC deposits on Ethereum
- Kraken reports delayed ETH withdrawals, tracks incident updates
- Kraken adds Stellar USDT0, margin pairs and fixed-rate rewards
- Kraken Parent Payward and LSE Plan 100 Tokenized UK Stocks
- Hyperliquid seeks U.S. perps through Kraken parent
- Kraken consolidates Prime and adds TradingView execution for Pro users
- Convicted Launderer Allegedly Drained $290K in Court-Seized Kraken Crypto From Prison, New DOJ Charges Reveal
- Toss Signs OP Stack MOU to Pilot Korean Won Stablecoin for 30 Million Users
- Backpack Launches 24/7 Tokenized U.S. Stock Trading in 150+ Countries, Joining Bybit and Kraken in Equity Race
- Kraken Launches AI Investment Advisor Inside App, Targeting Personalised Crypto Trading Plans
- Kraken Lets Traders Pledge Tokenized Stocks as Collateral for Leveraged Crypto Trades
- Kraken Parent Payward Moves to Enforce $22M Arbitration Win Against Auditor Mazars
Kraken FAQ
Does Kraken report to the IRS?
Yes. Kraken issues IRS tax forms to US customers, including form 1099-da for sales on kraken.com and kraken pro (from tax year 2025); and form 1099-misc if you earn $600 or more in rewards. The IRS receives a copy, so the activity on those forms needs to appear on your tax return.
Will my Kraken 1099-DA show cost basis?
Only for crypto bought on Kraken on or after January 1, 2026 and held there until you sold it. For crypto bought before 2026 or transferred in from another wallet or exchange, Kraken is not required to report cost basis, and you must calculate it yourself.
Where is Kraken based?
Kraken is registered in United States according to CoinGecko's exchange data and has operated since 2011.