Kraken has launched Kraken Prime, a full-service prime brokerage platform for institutional investors, catering to their trading, custody, and financing needs in the digital asset market.
Kraken Prime provides access to over 90% of the crypto market liquidity through connections to 20+ global trading venues, offering features like smart order routing for competitive pricing.
The platform integrates qualified custody services from Kraken Financial, allowing clients to trade directly from secure, regulated custody accounts. It also offers asset-backed lending, T+1 credit, and 24/7 account support.
Kraken's new prime brokerage services aim to set higher standards for institutional clients in the crypto space, emphasizing reliability, predictability, compliance, and quality to meet traditional financial institutions' expectations.