Kraken launched 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 creation of Kraken Institutional. This new brand integrates Kraken’s suite of products and services to specifically cater 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 enter the crypto asset class. The consolidation includes popular Kraken services such as spot trading, over-the-counter (OTC) trading and betting, all backed by top-tier cybersecurity measures and an award-winning account management team.
David Ripley, CEO of Kraken, emphasized the company’s commitment to providing high-quality products and customer experiences. “We’ve been the leading crypto exchange for more than a decade, and through Kraken Institutional, we’ll bring the same deep expertise and cutting-edge technology to drive trading excellence for institutions,” said Ripley.
The new Global Head of Institutional at Kraken is Tim Ogilvy, who joined the company through the acquisition of Staked, a leading non-custodial staking platform for institutions. Ogilvie, along with a team of experienced engineers, product specialists and marketers, will ensure that Kraken Institutional meets the high quality standards that customers expect.
“Institutional adoption of crypto is growing rapidly,” Ogilvy said. “With the launch of Kraken Institutional, we are poised to grow with this customer segment. The recent approval of ETFs is driving broader institutional demand, and Kraken is bringing 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 drive to streamline operations and services. The exchange’s established reputation as a liquid market and its capacity for high-speed trading make it an ideal partner for institutions that prioritize speed and precision.
The launch of Kraken Institutional is a strategic move to align with the growing institutional interest in the crypto market. It highlights the exchange’s responsiveness to the unique demands of this customer base and its willingness to evolve with market growth.
Kraken is one of the most established and secure digital asset exchanges in the world with a mission to empower people with innovative transaction methods. With 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 regular proof-of-reserve to ensure transparency and reliability.
Kraken’s proactive approach to accepting institutional clients through Kraken Institutional reflects the evolving landscape of cryptocurrency trading. As the market evolves, Kraken continues to adapt, offering customized services that meet the complex requirements of institutional investors.
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