The US encryption body Kraken, who was busy expanding the product roster beyond the retail encryption (such as the acquisition of Futures Broker Ninjatrader and plans to offer shares), announced the release of Kraken Prime. Kraken Prime will be a solution for the Prime Brokerage that has been built to provide institutional investors seamless access to negotiation, diligence and funding through a consolidated platform.
With Kraken Prime, institutional customers gain access to deep liquidity, sophisticated trading tools and high-level customers’ customer service-all consolidated in a single, rationalized interface. The company said it was a strategic milestone, enhancing its ability to respond to the growing institutional requirement by providing the standards of performance, reliability and compliance expected by a traditional prime broker.
The company added that it is starting Kraken Prime at a central moment, as more institutions – including assets, mutual risk capital and businesses – come to Crypto as regulatory clarity and market infrastructure improve. These entities require associates that offer both technical complexity, institutional compliance and dedicated 24/7 support to participate deeper into the field of digital asset.
Kraken Prime was built on the ground to meet these needs. Customers gain access to liquidity representing more than 90% of the digital assets market in more than 20 world spaces, with support around the clock from an experienced account management team. Transactions can be executed directly by the special editing managed by Kraken Financial, an American state bank. The platform also supports the borrowing supported by assets, T+1 credit facilities and seamless integration both with liquidity inside and outside the platform through an internal smart order routing system.
Kraken CEO CEO David Ripley said,
“Kraken Prime is built to meet the quality of the quality and execution service of today’s institutional investors.
“We are introducing this market with a clear command: we provide the quality of execution, depth of services and institutional rigor that not only respond, but transcend the traditional funding it expects.