The GLBA Notice discloses that Kraken shares personal information with affiliates for everyday business purposes and marketing, and authorizes marketing by affiliates, with opt-out rights available for affiliate marketing sharing and creditworthiness sharing but not for sharing for everyday business purposes or affiliates' everyday business purposes regarding transactions and experiences.
This analysis describes what Kraken's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes the scope of permissible financial information sharing under GLBA and specifies which sharing categories are subject to consumer opt-out. Sharing for everyday business purposes, including with affiliates for transaction and experience information, is stated as non-restrictable, while affiliate marketing sharing and creditworthiness sharing with affiliates are opt-outable.
Under these terms, Kraken discloses personal financial information including Social Security number, income, account balances, transaction history, and government-issued ID information for everyday business purposes without a consumer opt-out option, while affiliate marketing sharing and creditworthiness sharing with affiliates can be limited by submitting an opt-out request via Kraken's contact form or by calling (888) 871-2573.
Cross-platform context
See how other platforms handle GLBA Financial Information Sharing and Opt-Out and similar clauses.
Compare across platforms →"Federal law gives consumers the right to limit some but not all disclosures. Federal law also requires us to tell you how we collect, disclose, and protect your personal information. Please read this notice carefully to understand what we do. All financial companies need to disclose customers' personal information to run their everyday business.Excerpt from Kraken's Privacy Policy
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This provision establishes the scope of permissible financial information sharing under GLBA and specifies which sharing categories are subject to consumer opt-out. Sharing for everyday business purposes, including with affiliates for transaction and experience information, is stated as non-restrictable, while affiliate marketing sharing and creditworthiness sharing with affiliates are opt-outable.
Under these terms, Kraken discloses personal financial information including Social Security number, income, account balances, transaction history, and government-issued ID information for everyday business purposes without a consumer opt-out option, while affiliate marketing sharing and creditworthiness sharing with affiliates can be limited by submitting an opt-out request via Kraken's contact form or by calling (888) 871-2573.
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