Kraken added PayPal as a funding option for US users, allowing for immediate USD deposits without the need for bank details. The feature saw volumes of over $1 million during its unpromoted soft launch.
summary
- US customers can now instantly fund their Kraken accounts via PayPal using their balances, linked bank accounts, or cards.
- The feature processed more than $1 million in deposits during soft launch without promotion, showing strong early demand.
- Kraken is one of the exchanges currently integrated into PayPal’s new “Crypto With Crypto” system.
Kraken launched PayPal as a new way of raising funds for US customers, allowing immediate US dollar deposits directly into Kraken wallets. This follows previous deployments of exchanges on this feature in the EU, the UK and Australia. Users can deposit funds through PayPal balances, linked bank accounts, or cards without having to enter their bank credentials or go through a third-party login screen.
🚨US client, @Paypal, currently lives in kraken 🇺🇸
There are no wires. I’m not waiting. There is no bank login.
Tap, deposit your USD and trade immediately.If you have PayPal, you’re already in the middle. Let’s Go👇https://t.co/hscky7hc2a
-Kraken (@krakenfx) August 6, 2025
The integration has already shown strong traction during the soft launch, with more than $1 million in deposits being processed without formal promotion.
Adding PayPal as a fundraising option will enhance Kraken’s existing USD deposit methods for US users (like Plaid (Plaid), Fedwire, and debit cards) by providing users with a faster, more seamless way to fund their accounts.
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PayPal continues to expand its crypto ecosystem
This rollout is because PayPal will step up its push to digital assets. The company recently announced “Payment with Crypto,” a solution for US merchants that supports over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and major stubcoin. Designed to reduce cross-border fees by up to 90%, allowing for immediate payments and conversion to stubcoin or fiat. Kraken, along with Coinbase, OKX and Binance, is one of the interchanges integrated into this feature.
Additionally, PayPal’s Stablecoin PYUSD has gained traction as it was recently added to Visa’s payments platform along with USDG and EURC.
You might like it too: PayPal supports over 100 cryptocurrencies and launches “Payment with Crypto”