Nexo vs Kraken

Nexo or Kraken – which is better for UK traders 2026? Compare Nexo and Kraken in this detailed breakdown of their platforms, features and fees.

Nexo vs Kraken Comparison Table 2026
Nexo Kraken
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3.9
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3.9
Nexo is ranked #26 among crypto brokers. Kraken is ranked #29 among crypto brokers.
Review
Review
Nexo, a centralized crypto exchange established in 2018 in Bulgaria, operates in nearly 200 jurisdictions from Switzerland. It offers spot and futures trading, cold wallet storage, and fiat on-ramps for purchasing crypto tokens. Registered with reputable financial entities like ASIC, Nexo provides distinctive services, including a credit card. Kraken excels as a top cryptocurrency exchange, offering a unique trading platform and access to over 600 crypto tokens. It provides leverage of up to 5 times for spot trading with consistent fees and up to 50 times on futures.
Pros
  • A well-regarded crypto exchange, established in 2018, has initiated steps towards regulatory compliance.
  • Nexo Pro is an intuitive platform tailored for traders, offering robust charting tools that enhance strategic trading.
  • The trading platform features essential tools such as asset-specific newsfeeds and social media analysis.
  • Traders can utilise perpetual futures to take long or short positions on crypto assets, thereby enhancing strategic opportunities.
  • Nexo's platform facilitates cryptocurrency lending and borrowing through its staking and credit features, offering traders some of the most competitive yields in the market.
  • Traders receive bonuses and incentives, such as complimentary trading funds given to lenders and cashback through the exchange's native Nexo token.
  • Kraken allows accredited US investors to lock cash and stablecoins for 3 to 18 months, earning fixed APY of up to 7%.
  • Kraken, through Payward, obtained VARA approval in the UAE, allowing it to provide Dirham funding and trading pairs to local clients.
  • Kraken Pro offers perpetual futures via a CFTC-regulated venue.
  • Kraken Pro offers competitive trading fees.
  • 3D secure is necessary.
Cons
  • High deposit and withdrawal fees for cards and e-wallets may deter many traders from using these convenient payment methods.
  • Limited educational resources diminish its attraction for newcomers, who may discover more valuable materials with leading platforms such as eToro.
  • Elevated maker/taker fees result in higher derivative trading costs compared to alternative exchanges.
  • The selection of tokens is broad relative to many crypto brokers, yet it remains limited when compared to similar crypto exchanges such as Kraken.
  • Insider data breach and extortion event impacting customer information in April 2026.
  • Delayed verification for Pro accounts.
  • Limited support for newer altcoins.
  • Minimal leverage in spot trading.
  • Slow processing times
Awards
  • Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
  • Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Cryptos, Perpetual Futures Cryptos, xStocks, Pre-IPO Perpetual Futures
Demo Account
No Yes
Minimum Deposit
$10 $10
Payment Methods
Minimum Trade
$30 Variable
Regulator
SEC & CFTC (via Bakkt) FINTRAC, AUSTRAC, CySEC, CBI
Mobile Apps
iOS & Android Yes
iOS App Rating
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3.8
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4.7
Android App Rating
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4
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4.2
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
Cryptocurrency
Nexo provides trading on approximately 100 tokens, such as Bitcoin. Users can buy, sell, and exchange digital assets directly on the platform or trade in over 500 pairings. Additionally, digital assets serve as collateral for fiat loans or can earn passive income through the ‘smart staking’ feature. Kraken is a dedicated cryptocurrency exchange offering over 600 digital currencies, encompassing major coins like Bitcoin and various altcoins. Traders can access spot markets with 1:5 leverage or futures at 1:50. The platform is intuitive, with competitive fees.
Spread
N/A 0-0.26% average
Coins
  • BTC
  • ETH
  • NEXO
  • USDT
  • USDC
  • AXS
  • RUNE
  • MATIC
  • DOT
  • APE
  • AVAX
  • KSM
  • ATOM
  • FTM
  • NEAR
  • BNB
  • ADA
  • SOL
  • XRP
  • LTC
  • LINK
  • BCH
  • TRX
  • XLM
  • EOS
  • PAXG
  • UNI
  • DOGE
  • MANA
  • SAND
  • GALA
  • SUSHI
  • AAVE
  • CRV
  • MKR
  • 1INCH
  • DAI
  • USDP
  • TUSD
  • AAVE
  • ALGO
  • ANT
  • REP
  • REPV2
  • BAT
  • BAL
  • XBT
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • CRV
  • DAI
  • DASH
  • MANA
  • XDG
  • EWT
  • EOS
  • ETH
  • ETC
  • FIL
  • FLOW
  • GNO
  • ICX
  • KAVA
  • KEEP
  • KSM
  • KNC
  • LSK
  • LTC
  • MLN
  • XMR
  • NANO
  • OCEAN
  • OMG
  • OXT
  • PAXG
  • DOT
  • QTUM
  • XRP
  • SC
  • XLM
  • STORJ
  • SNX
  • TBTC
  • USDT
  • XTZ
  • GRT
  • TRX
  • UNI
  • USDC
  • WAVES
  • YFI
  • ZEC
  • BNB
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes Yes
Auto Market Maker
No No
Nexo Kraken
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