Kraken announced on August 6, 2025, that U.S. customers can now instantly deposit USD via PayPal—a major expansion of its payment options. This integration allows verified Intermediate or Pro-level account holders to fund their Kraken wallets using PayPal balances, linked bank accounts, or cards, bypassing manual bank details entry and third-party logins.
Funds are credited immediately for trading, though withdrawals face a 72-hour security hold. Deposit limits range from $1 minimum to $7,000 weekly maximum, with region-specific fees displayed during confirmation. The feature, already live in the EU, UK, and Australia, processed over $1 million during a soft launch, reflecting high demand. It outperforms traditional methods like ACH transfers in speed and convenience.
This move aligns with Kraken's support for 390+ cryptocurrencies and its $207 billion quarterly trade volume, enhancing accessibility. PayPal's deepening crypto involvement—including its 'Pay with Crypto' feature and PYUSD stablecoin—complements this partnership, bridging traditional finance and digital assets for novice and experienced traders alike.