Kraken rolls out Kraken Prime, a crypto brokerage platform tailored for institutional clients, offering deep liquidity and advanced trading tools
Kraken has introduced Kraken Prime, a comprehensive prime brokerage platform tailored explicitly for institutional investors new to the digital asset market.
The company aims to address the increasing demand for professional-grade crypto infrastructure among institutions by consolidating trading, custody, and financing solutions into a single platform.
Kraken Prime provides liquidity that encompasses more than 90% of the global digital asset market in over 20 venues.
Kraken Financial, a U.S. state-chartered bank, manages qualified custody from which clients can trade directly. The platform boasts an innovative order routing system incorporating on- and off-platform liquidity, asset-backed lending, and T+1 credit facilities.
Kraken Prime for Asset Administration
The product is intended for corporations, asset managers, and hedge funds that require institutional-grade execution and risk management capabilities in the crypto markets.
Kraken positions the service as a response to the increasing regulatory clarity and maturing infrastructure that have made digital assets more accessible to traditional finance participants.
Kraken co-CEO David Ripley said in a statement:
“Kraken Prime is built to meet the execution quality and service expectations of today’s institutional investors, We may not be the first to market, but we’re setting the bar for institutional crypto.”
Kraken Prime differentiates itself by providing 24/7 white-glove client support and integration with Kraken’s custody and financial services.
Kraken Prime is presently accessible to eligible institutional clients. The platform has been certified with ISO/IEC 27001 and SOC 2 Type I, indicating that it adheres to industry-standard operational and security protocols.