Is Kraken available in Singapore?
As of June 2026 Singapore residents can generally access Kraken, which operates as an offshore platform. Kraken is not licensed by the Monetary Authority of Singapore (MAS) for digital payment token services, so users do not receive the protections that apply to a MAS licensed platform. Confirm the current position on the MAS registers before acting.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of June 2026 Singapore residents can generally access Kraken, which serves the market from outside Singapore as an offshore platform. Kraken is not on the list of providers licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act for digital payment token services, which means access is not blocked by location but the consumer protections that apply to a MAS licensed provider do not apply. Funding methods, supported assets, and fees change, so confirm the current options and Kraken's status on the MAS Financial Institutions Directory before acting.
Is the platform available to residents
As of June 2026 Singapore residents can generally register with Kraken and use the platform, which operates from outside Singapore. Kraken supports account opening, identity verification, funding, spot trading across a broad asset list, and additional services such as staking in the regions where it offers them.
Access being available is not the same as the platform being locally licensed. Kraken is not on the Monetary Authority of Singapore (MAS) list of providers licensed under the Payment Services Act for digital payment token services as of June 2026. MAS advises caution toward platforms it does not license. Whether Kraken seeks or holds a Singapore licence is a matter to confirm on the MAS Financial Institutions Directory.
The regulator and the framework
The Monetary Authority of Singapore (MAS) regulates digital payment token services under the Payment Services Act 2019. A provider that offers these services to the public in Singapore generally needs a Major Payment Institution licence. MAS also publishes an Investor Alert List that names persons it does not regulate, as a public warning, as of June 2026.
Since 30 June 2025 a separate regime under the Financial Services and Markets Act 2022 applies additional requirements to digital token service providers that operate from Singapore while serving customers abroad. MAS has indicated that such licences are difficult to obtain. Because the framework is active and selective, confirm a platform's current status on the MAS registers before acting (as of June 2026).
How residents access the platform
Residents typically access Kraken through its website and app after completing know your customer verification, which Kraken applies as part of its anti money laundering controls. Funding and withdrawal options for an offshore platform can differ from those of a locally licensed provider, so confirm the methods shown to a Singapore account in the app.
The product set centres on spot trading across a large asset list, with staking and other services offered in some regions and subject to local availability. Products, supported assets, and fees change over time, and the absence of a MAS licence means MAS rules for licensed providers do not apply, so confirm what is offered to a Singapore account before trading (as of June 2026).
Tax treatment
Tax on crypto for Singapore residents is administered by the Inland Revenue Authority of Singapore (IRAS). Singapore does not levy a capital gains tax, so an individual who buys and holds digital payment tokens for the long term is generally not taxed on a gain when selling, while income from trading as a business or receiving tokens as payment can be taxable. This page does not give tax advice. For how crypto is treated in Singapore in general terms, see the Singapore tax page, and confirm your own position with a qualified local professional before filing (as of June 2026).
Kraken is accessible to Singapore residents as an offshore platform, while several providers, including Crypto.com, hold a MAS licence. Availability and protections vary, so compare the exchanges available in Singapore before you choose.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Regulator and sources
The relevant authority is the Monetary Authority of Singapore (MAS), which licenses digital payment token service providers, publishes the Financial Institutions Directory, and maintains the Investor Alert List. Tax is administered by the Inland Revenue Authority of Singapore (IRAS).
- Monetary Authority of Singapore (MAS), Financial Institutions Directory and guidance on the Payment Services Act 2019.
- Monetary Authority of Singapore (MAS), Investor Alert List of persons that are not regulated by MAS.
- Kraken, support pages on where it is licensed or regulated and its supported and restricted countries.
- Inland Revenue Authority of Singapore (IRAS), general guidance on the income tax treatment of digital tokens.
Frequently asked questions
Is Kraken available in Singapore?
As of June 2026 Singapore residents can generally access Kraken, which operates as an offshore platform. Kraken is not licensed by the Monetary Authority of Singapore (MAS) for digital payment token services, so the protections that apply to a MAS licensed provider do not apply. Confirm the current position on the MAS registers.
Is Kraken licensed by MAS in Singapore?
Not as of June 2026. Kraken is not on the MAS list of providers licensed under the Payment Services Act for digital payment token services. Confirm the current status on the MAS Financial Institutions Directory before acting.
Can I fund a Kraken account in Singapore dollars?
Funding options for an offshore platform can change and may differ from those of a locally licensed provider. Confirm the deposit and withdrawal methods shown to a Singapore account in the Kraken app before you act.
Who regulates crypto exchanges in Singapore?
The Monetary Authority of Singapore (MAS) regulates digital payment token services under the Payment Services Act 2019, and a separate regime under the Financial Services and Markets Act 2022 applies to providers operating from Singapore that serve customers abroad. This is the body to check for the current position, as of June 2026.
Is my crypto held by Kraken?
Yes. Kraken is a custodial platform, so it holds the assets in your account on your behalf. If you prefer to control your own private keys you would need a separate self custody wallet. This is general information, not advice.
Rules change frequently. Singapore licenses digital payment token providers selectively through the Monetary Authority of Singapore, and a platform's status can change. The position on this page is dated June 2026. Confirm the current status with the regulator and the platform before you act.
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