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Data refreshed 5 Nov 2026 · Compiled by Charlie Williams
Trust score 8 / 10 · Trust rank #24 · Founded 2021
Bullish is a cryptocurrency exchange that provides a secure and efficient trading environment for digital assets. You will benefit from its advanced liquidity features and automated market-making technology, which aim to enhance…
Read the Bullish review
Trust score 10 / 10 · Trust rank #2 · Founded 2011
Kraken is a well-established cryptocurrency exchange known for its robust security measures and comprehensive range of digital assets. It provides a user-friendly platform suitable for both beginners and experienced traders, offering competitive…
Read the Kraken reviewBullish and Kraken are both centralized exchanges. Bullish (founded 2021, headquartered in Gibraltar) ranks #24 on our trust rank, reports $1.47B in 24-hour trading volume and lists 39 coins across 87 trading pairs. Kraken (founded 2011, headquartered in United States) ranks #2 on our trust rank, reports $1.94B in 24-hour trading volume and lists 717 coins across 1,402 trading pairs. The two overlap in 40 countries; Bullish is available in 12 countries where Kraken is not, and Kraken in 4 where Bullish is not.
Scored on 7 measurable dimensions where both exchanges have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | Bullish | Kraken |
|---|---|---|
| Trust score | 8 / 10 | 10 / 10 |
| Trust rank | #24 | #2 |
| 24h trading volume | $1.47B | $1.94B |
| Coins listed | 39 | 717 |
| Trading pairs | 87 | 1,402 |
| Founded | 2021 | 2011 |
| Headquarters | Gibraltar | United States |
| Exchange type | Centralized (CEX) | Centralized (CEX) |
| Countries available | 52 countries | 44 countries |
| Licences / registrations | BaFin, MiCA licence - Germany, Securities and Futures Commission (SFC) - Hong Kong | Central Bank of Ireland, MiCA licence - Ireland, Financial Conduct Authority (FCA), cryptoasset registration - United Kingdom, Canadian Securities Administrators (CSA), registered platform - Canada, Virtual Assets Regulatory Authority (VARA), broker-dealer licence - United Arab Emirates |
| Trading types | Derivatives, Spot | Derivatives, Spot |
| Best-for use cases | — | Beginner-Friendly, Centralized, High Liquidity, Low-Fee, Margin trading, Peer-to-Peer (P2P) |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that exchange — we never fill gaps with estimates.
Available at both (40): Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, New Zealand, Norway, Peru, Poland, Portugal, Romania, Singapore, Slovakia, Spain, Sweden, Switzerland, United Arab Emirates.
Only Bullish (12): Czechia, Indonesia, Malaysia, Netherlands, Philippines, South Korea, Taiwan, Thailand, Türkiye, United Kingdom, United States, Vietnam.
Only Kraken (4): Malta, Saudi Arabia, Slovenia, South Africa.
Availability reflects the countries each exchange declares it serves. Local rules change; confirm on the exchange's own site before signing up.
Kraken reports the higher 24-hour trading volume ($1.47B vs $1.94B), based on the latest market data in our catalogue.
Kraken lists more coins: 39 at Bullish versus 717 at Kraken.
Kraken has the higher trust score (8 / 10 vs 10 / 10). The score reflects liquidity, scale of operations and cyber-security signals as tracked in our catalogue.
Kraken is the older of the two, founded in 2011; Bullish was founded in 2021.
They overlap in 40 countries. Bullish is additionally available in 12 countries (Czechia, Indonesia, Malaysia, Netherlands, Philippines, South Korea and 6 more) and Kraken in 4 countries (Malta, Saudi Arabia, Slovenia, South Africa).
Risk warning: cryptoassets are highly volatile and largely unregulated in many jurisdictions. You may lose the entire amount you deposit. Nothing on this page is financial advice; check availability and terms with the exchange before opening an account. Full risk disclosure.