Kraken crypto exchange debuts platform for institutions, eyeing crypto market expansion
Kraken crypto exchange has launched a new platform aimed at institutional investors, streamlining its services to attract more diverse asset managers into the crypto sector. The exchange announced that the initiative is overseen by Tim Ogilvie, consolidating key services such as spot exchange, derivatives trading, and custody under a single institutional brand. The exchange’s focus on institutional clients marks a strategic shift towards nurturing new entrants in the crypto market rather than just competing for existing shares. In addition, the launch of Kraken Institutional will focus on “qualified custody” through Kraken Financial, a Wyoming-chartered institution. This aligns with the US