Kraken Unveils "Kraken Institutional" to Enhance Crypto Services
Luisa Crawford Feb 29, 2024 09:35
Kraken launches Kraken Institutional, consolidating several core services to provide a comprehensive crypto solution tailored for institutions and high net-worth individuals.
Kraken, a leading cryptocurrency exchange known for its security and reliability, has announced the establishment of Kraken Institutional. This new brand integrates a suite of Kraken's products and services to cater specifically to the needs of institutional clients, including asset managers, hedge funds, and high net-worth individuals.
Kraken Institutional aims to serve as a one-stop shop, offering scalable and easily integrated solutions for institutions looking to delve into the crypto asset class. The consolidation includes popular Kraken services such as spot trading, over-the-counter (OTC) trading, and staking, all underpinned by top-tier cybersecurity measures and an award-winning account management team.
David Ripley, CEO of Kraken, emphasized the company's dedication to providing high-quality products and a client-first experience. "We've been the leading crypto exchange for more than a decade, and through Kraken Institutional, we'll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions," Ripley stated.
The new Global Head of Institutional at Kraken is Tim Ogilvie, who joined the company through the acquisition of Staked, a premier non-custodial staking platform for institutions. Ogilvie, along with a team of seasoned engineers, product specialists, and traders, will ensure that Kraken Institutional meets the high-quality standards clients expect.
"Institutional adoption of crypto is growing rapidly," said Ogilvie. "With the launch of Kraken Institutional, we're poised to grow with this client segment. The recent ETF approval has spurred broader institutional demand, and Kraken is pulling together products and services to meet these evolving needs."
Kraken's commitment to providing an enhanced trading experience for institutional clients is evident in its move to streamline operations and services. The exchange's established reputation as a liquid marketplace and its capacity for high-speed trading make it an ideal partner for institutions prioritizing speed and precision.
Kraken Institutional's launch is a strategic move to align with the increasing institutional interest in the crypto market. It underscores the exchange's responsiveness to the unique requirements of this client base and its readiness to evolve alongside the market's growth.
Kraken is one of the world's most established and secure digital asset exchanges on a mission to empower people with innovative transaction methods. With a global trading reach, Kraken clients have access to over 200 digital assets and various fiat currencies. The exchange has pioneered several industry-first services and is committed to conducting regular Proof of Reserves to ensure transparency and trustworthiness.
Kraken's proactive approach to embracing institutional clients through Kraken Institutional reflects the evolving landscape of cryptocurrency trading. As the market matures, Kraken continues to adapt, offering tailored services that meet the sophisticated demands of institutional investors.
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