Kraken Expands Institutional Crypto Trading to UK, Australia

IconCryptoNewsTerminal Staff18 Jul, 2024

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Kraken Expands Institutional Crypto Trading to UK, Australia

Kraken, a prominent cryptocurrency exchange, has launched its institutional crypto trading services, Kraken Institutional, in the UK and Australia, as reported by Bloomberg. This move expands Kraken's offerings to cater to institutional investors and large-scale traders. Kraken Institutional provides a comprehensive suite of services designed specifically for institutions, including trading, staking, and custody solutions for cryptocurrencies. The platform offers a secure and compliant environment for institutional clients to access the growing digital asset market. "We are excited to bring Kraken Institutional to the UK and Australia, two major financial hubs," said Jeremy Welch, Kraken's Head of Institutional Sales. "Our institutional-grade platform provides a secure and reliable way for institutions to trade and manage their crypto assets." Kraken plans to further expand its institutional services to additional jurisdictions, including EU countries, Switzerland, and the Cayman Islands, in the near future. This expansion underscores Kraken's commitment to meeting the evolving needs of institutional investors in the global crypto market.

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