Cryptocurrency platform Kraken introduces Kraken Prime, a specialized brokerage service catering to institutional cryptocurrency clients.
Unleashing Kraken Prime: A Gamechanger for Institutional Crypto Investors
Kraken, the renowned digital asset platform, has rolled out Kraken Prime, a trailblazing prime brokerage solution catering to institutional investors dipping their toes into the crypto realm.
This all-encompassing platform merges trading, custody, and financing services under one digital roof, aiming to address the burgeoning institutional appetite for premium crypto infrastructure services, as stated by the company.
Kraken Prime presents direct access to worldwide liquidity spanning 90% of the global digital asset market, distributed across more than 20 trading venues.
Clients can conduct direct trades via qualified custody, managed by Kraken Financial — a U.S. state-chartered bank. The platform's roster of features includes T+1 credit facilities, asset-backed lending, and a smart order routing system that integrates both on and off-platform liquidity sources.
Cracking the Crypto Asset Management Nut: Kraken Prime
The service is aimed at hedge funds, asset managers, and corporations in search of institutional-grade execution and risk management capabilities within the crypto market.
Kraken positions Kraken Prime as a timely response to evolving regulatory clarity and the maturation of crypto infrastructure, transforming digital assets into a more mainstream avenue for traditional financial participants.
In a statement, Kraken co-CEO David Ripley said, "Kraken Prime is meticulously crafted to meet the execution quality and service expectations of today's institutional investors. We might not be the initial contenders, but we're setting the bar for institutional-grade crypto investments."
Kraken Prime sets itself apart by offering 24/7 premium client support and seamless integration with Kraken's custody and banking services.
Currently, Kraken Prime is open to qualified institutional clients. The platform has obtained SOC 2 Type I and ISO/IEC 27001 certifications, signifying compliance with industry-standard security and operational protocols.
Peerpee Price Fluctuation: Golden Cross Spells More Gains as Sharagers Dive In
Meanwhile, on another crypto ticket, the Pepe price soars, bolstered by the Golden Cross phenomenon, as seasoned investors take a plunge in the green-hued crypto.
As for Kraken's broader institutional offerings, these encompass numerous key features and benefits:
- Comprehensive Multi-Venue Liquidity: Kraken delivers deep liquidity resources, empowering institutions to bid goodbye to cumbersome trade executions.
- Advanced Trading Tools: The platform equips institutional traders with a suite of sophisticated trading tools that cater to their specific preferences and needs.
- Compliant Regulated Futures Offerings: Kraken presents a regulated futures offering, ensuring institutions can delve into a range of crypto derivatives that have been MiFID II-compliant[2][4].
- Strong Infrastructure: Kraken backs robust infrastructure, featuring robust support for local fiat currencies and flexible collateral options to ease capital management and risk allocation[2].
- Expedited Onboarding and Award-Winning Client Service: Institutional clients receive prioritized onboarding and access to acclaimed client service, ensuring a smooth integration into the platform[3].
- Enhanced API and Trading Capabilities: Kraken offers elevated API rate limits and access to highly liquid spot and stablecoin orderbooks via Kraken Pro or API[3].
- Secure Custody and Staking Solutions: Institutions can store, manage, transfer, and trade assets securely while reaping rewards from staking solutions[3].
- OTC Services and Crypto-as-a-Service: The platform offers OTC services for large trades and customizable crypto integration solutions for external platforms[3].
In summary, Kraken's institutional-grade platform targets the intricate requirements of institutional traders, providing a solid, secure, and compliant ecosystem for digital asset trading.
- Kraken Prime, the prime brokerage solution offered by Kraken, is a gamechanger for institutional investors interested in the crypto market, aiming to meet their execution and risk management needs within the digital asset realm.
- The Kraken Prime platform merges trading, custody, and financing services, offering direct access to worldwide liquidity spanning 90% of the global digital asset market, including features like T+1 credit facilities, asset-backed lending, and smart order routing.
- Apart from Kraken Prime, the platform offers numerous key features and benefits to institutional clients, such as comprehensive multi-venue liquidity, advanced trading tools, compliant regulated futures offerings, strong infrastructure, expedited onboarding, enhanced API and trading capabilities, secure custody and staking solutions, OTC services, and crypto-as-a-service.
- In an attempt to cater to the growing institutional appetite for premium crypto infrastructure services, Kraken Prime positions itself as a timely response to evolving regulatory clarity and the maturation of crypto infrastructure.
- As digital assets become a more mainstream avenue for traditional financial participants, Kraken Prime sets the bar for institutional-grade crypto investments, offering 24/7 premium client support and seamless integration with Kraken's custody and banking services.
