Cryptocurrencies
Kraken Expands Crypto Institutional Services to UK, Australia
- Kraken Institutional plans to expand to more markets in 2024
- Institutional unit was launched earlier this year in the US
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Crypto exchange Kraken’s recently launched institutional business unit has begun offering custody services to customers in the UK and Australia.
Kraken Institutional is designed for users such as hedge funds and exchange-traded fund issuers, and was launched in the US by the San Francisco-area based firm in March. The private company expects to expand its services to more locations such as the European Union, Switzerland, Cayman Islands and British Virgin Islands.