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Kraken Institutional Expands Custody Solution to UK and Australia

Kraken Institutional Expands Custody Solution to UK and Australia

CHEYENNE, Wyo--Kraken Institutional, the dedicated brand for bespoke crypto solutions for institutional investors, from one of the longest-standing and most secure cryptocurrency exchanges, has announced that Kraken Custody is now available to institutional clients in both the UK and Australia, in its first international expansion since launch earlier this year.

From today, eligible investors in the UK or Australia can store, manage and transfer crypto assets in Kraken Custody. Combining best-in-class security with a seamless integration to the rest of the Kraken product suite, Kraken Custody enables clients to act in the fast-paced world of crypto while funds remain in segregated accounts.

Tim Ogilvie, Head of Kraken Institutional, said: “Kraken has long had a strong presence in the UK and Australia, so they were the prime destinations to expand Kraken Custody to. Both markets have well established institutional crypto scenes and we anticipate the local launch of Kraken Custody will enable them to increase their engagement in the asset-class.”

Kraken Custody is offered via Kraken Financial, a US state-chartered bank that has offered a qualified custody solution in select US states since its launch in March this year. Kraken Financial will offer custody services directly to UK and Australian clients. Just like in the US, funds and assets will be held remote from Kraken and will be available to withdraw at all times.

Trevor Rutar, CEO of Kraken Financial, said: “Kraken Financial’s state-bank chartered in Wyoming means Kraken Custody is held to some of the most rigorous security and operational checks of any crypto custodian, translating into the security and reliability institutions need. We look forward to rolling out our robust solution to institutions in both the UK and Australia so they can continue to engage in the crypto-asset vertical.”

Kraken Custody currently supports BTC, ETH, USDC (ERC20), with additional asset support coming later this year.

For media enquiries, please reach out to [email protected]. Learn more about Kraken’s custody offering here.

July 18, 2024
Tottenham Hotspur Partners With Crypto Platform Kraken

Tottenham Hotspur Partners With Crypto Platform Kraken

LONDON--Tottenham Hotspur has today announced a global brand partnership with Kraken. Ahead of the 2024/25 season, Kraken will become the Club’s first-ever Official Crypto and Web3 Partner, and the Official Sleeve Partner for its Men’s and Women’s teams.

Founded in 2011, Kraken is one of the world’s longest-standing crypto platforms. Inspired by a mission to accelerate the global adoption of crypto, Kraken empowers clients to confidently learn about the emerging crypto ecosystem. In the UK, Kraken has deep and established roots after consistently investing resources to grow its local team, which now has over 350 people. Kraken has also become one of the largest UK-registered crypto platforms, and has over 13 million clients globally accessing the crypto markets through its consumer and pro mobile apps, and a state-of-the-art trading platform.

Both Spurs and Kraken share a forward-thinking vision for how cutting-edge technologies can be leveraged to push boundaries and enhance the fan experience. The partnership will focus on advancing football fans' understanding about crypto and how the technology can be applied to deepen connections to the sport.

Throughout this partnership, Kraken will engage with the Club’s global fan base through exclusive content, fan pop-ups, and provide behind-the-scenes access to both Kraken and Tottenham Hotspur events.

Ryan Norys, Chief Revenue Officer, Tottenham Hotspur, said: “As a Club that aims to drive innovation in everything we do, we are delighted to partner with yet another forward-thinking brand in Kraken – a true leader in its field, recognised throughout the web3 industry for its emphasis on education around the crypto ecosystem. We look forward to bringing our fans a range of exciting events and experiences throughout the course of the partnership.”

“Spurs supporters and the crypto community both have an undeterred and relentless passion for what they believe in,” said Mayur Gupta, Kraken’s Chief Marketing Officer. “Kraken has a vision that crypto, like football, should be accessible to everyone. We’re therefore thrilled to partner with Tottenham Hotspur to bring this inclusive financial technology to a larger audience of football fans.”

Kraken will also boost its connection to F1 by becoming the Official Crypto and Web3 Partner of F1 DRIVE - London, a first-of-its-kind immersive karting experience that sits below the iconic South Stand of the Tottenham Hotspur Stadium. Both Tottenham Hotspur and Kraken will host interactive competitions to further engage fans who are interested in sports and finance.

For more information about the partnership and upcoming fan experiences, please visit our landing page.

About Tottenham Hotspur FC:

Founded in 1882, Tottenham Hotspur Football Club is an English Premier League Club, based in North London, with an estimated global reach of 616 million, over 100 million social media followers and a global cumulative TV audience of 355 million.

Tottenham Hotspur has:

  • Multi-national Men’s and Women’s playing squads, competing in the Premier League and Women’s Super League respectively
  • A clear strategy to develop talent for its First Teams from within its Academy
  • A £100m state-of-the-art Training Centre that supports the Club’s ambition to attract, develop and retain the best talent
  • Commercial partnerships with globally-recognised brands including AIA Group Limited (AIA), one of the world's leading providers of life insurance services, and Nike, the world’s leading sports footwear and apparel company
  • A commitment to minimizing its environmental impact across Club operations, being named as the greenest in the Premier League for the past five years. Tottenham Hotspur is a signatory of the UN Sports for Climate Action Framework, committing to halve carbon emissions by 2030 and become net zero carbon by 2040
  • An award-winning Foundation that is renowned for creating opportunities to help enhance the lives of people in its local community through education, employment, health and social inclusion programmes

In April 2019, the Club opened an iconic new stadium that sits at the heart of a £1billion sport-led regeneration of North Tottenham. The stadium is the largest football club stadium in London and is a multi-use venue with the ability to host a variety of events 365 days a year, including NFL, boxing, rugby, concerts and other major events, plus visitor attractions including F1 Drive London, Stadium Tours and the Dare Skywalk, attracting 3 million annual visitors.

As a result of the new stadium development, analysis shows Tottenham Hotspur contributes around £900m of gross output to London's economy, generating an additional GVA (Gross Value Added) of nearly £500m in London, supporting 3,700 jobs across its three local Boroughs.

July 16, 2024
Kraken and Atlético de Madrid Partner to Drive Engagement and Crypto Adoption Among Spanish Football Fans

Kraken and Atlético de Madrid Partner to Drive Engagement and Crypto Adoption Among Spanish Football Fans

MADRID--Kraken, one of the largest crypto platforms globally, is partnering with Atlético de Madrid, one of Spain’s most iconic football clubs, ahead of the 2024 season. Kraken will become the Official Crypto and Web3 Partner, as well as the Official Sleeve Partner for all Atlético de Madrid men’s and women’s football shirts.

The partnership aims to merge the worlds of sports and web3, unlocking greater opportunities for fans at the intersection of Spanish football and the crypto ecosystems. It also marks a significant milestone for both organizations, leveraging their respective strengths to drive innovation and fan engagement globally.

“Kraken and Atlético de Madrid believe crypto and football both have the potential to transform lives,” said Mayur Gupta, Kraken’s Chief Marketing Officer. “We’re proud to partner with such a distinguished football club, which equally recognises that success requires a meticulous focus on its own processes. We’ve put in nearly 13 years to become one of the most trusted crypto platforms, and we look forward to collaborating with Atlético de Madrid to educate more people about the true potential and value of crypto.”

Atlético de Madrid Chief Revenue and Operating Officer, Óscar Mayo, lauded the common values that the two organizations share. “At Atlético de Madrid, we aim for innovation and technology, and Kraken is the ideal partner to help us reach these objectives. We are sure that this partnership will ensure that our fans enjoy a digital experience, which extends beyond matchdays at the stadium.”

As one of the earliest and most trusted crypto platforms, Kraken is committed to driving awareness, education, and understanding of crypto globally. Similar to Kraken’s existing partnership with the Williams Racing Formula 1 team, both Atlético de Madrid and Kraken will work together to deliver new, fan and client experiences. These include engaging initiatives, such as web3 projects, live activations, and community outreach programs for Atlético de Madrid’s global fan base.

This will set a new standard for how fans interact with their favorite sports teams in the age of decentralization.

For more information on Kraken and Club Atlético de Madrid, please visit our landing page.

July 10, 2024
Kraken MTF

Kraken MTF integrates with Copper’s growing ClearLoop® network

LONDON--Kraken MTF, the first UK FCA-authorised crypto derivatives trading venue in Europe, is delighted to have partnered with Copper, a leader in digital asset custody, collateral management and prime services, in order to provide off-venue settlement for institutional clients.

To actively trade digital assets, institutions need multi-exchange connectivity to diversify risk, enhance price discovery and improve access to liquidity. Through ClearLoop, Copper facilitates this connectivity, enabling clients to delegate funds and trade virtual balances on exchange, with settlements occurring on Copper’s infrastructure.

Institutional clients can trade on Kraken MTF using ClearLoop, providing clients with access to a crypto derivatives venue that trades round-the-clock, and enabling them to effectively manage risk and hedge their positions in a derivatives market that operates 24/7/365.

Acquired by Kraken in 2019, when it traded as Crypto Facilities, Kraken MTF is the ideal partner for institutions looking for price exposure to digital assets. As a multilateral trading facility, it satisfies all of the compliance and regulatory requirements institutions need from a venue.

Mark Jennings, CEO of Kraken MTF, said: “For the past few years, volumes in crypto derivatives have regularly exceeded those seen in the spot market and institutions are driving most of this new activity. Key infrastructure developments, like the Kraken MTF integration with ClearLoop, will form the baseline as institutional engagement in this asset-class continues to increase.”

ClearLoop empowers institutional investors by allowing them to delegate assets instantly, improving capital efficiency and streamlining the process, making collateral more agile and responsive to market dynamics.

Investors also benefit from significant cost savings; trades settle directly on Copper’s infrastructure, bypassing the blockchain level and the corresponding network fees. Built for institutional investors, ClearLoop provides secure and efficient collateral management with optimised operational workflows. This allows investors to better focus on their core investment strategies.

Dmitry Tokarev, CEO at Copper.co commented, “I am immensely proud to announce our collaboration with Kraken MTF, one of the longest-standing FCA-authorised venues in crypto. Together, we are shaping the future of financial market infrastructure by revolutionising liquidity and security for institutional clients. Our shared vision is to build a resilient and innovative ecosystem that sets new standards. Copper is excited to embark on this transformative journey alongside the Kraken team.”

Michael Lie, Global Head of Digital Asset Trading at Flow Traders, said: “Our collaboration in integrating ClearLoop's off-exchange settlement with Kraken MTF marks an important step forward in the development of digital asset trading. This latest step reflects our commitment to promoting industry standards and ensuring a secure, streamlined trading experience within the institutional digital asset space.”

ClearLoop’s exchange network now includes nine live exchanges: Kraken MTF, OKX, BYBIT, Deribit, BIT, Gate.io, BITFINEX, Bitget, and PowerTrade, with Bitstamp and Bitmart coming soon.

To find out more about Kraken MTF and ClearLoop, please reach out to [email protected].

June 24, 2024
Kraken Unveils Qualified Custody Solution for Crypto in the US

Kraken Unveils Qualified Custody Solution for Crypto in the US

CHEYENNE, Wyo.--Kraken Institutional, the dedicated brand for bespoke crypto solutions for institutional investors from one of the longest-standing and most secure cryptocurrency exchanges, has formally launched its qualified custody solution, offered through Kraken Financial, its state-chartered bank.

Headquartered in Wyoming, USA, Kraken Financial is authorized to offer digital asset custody and deposit accounts for institutions. As per its charter, Kraken Financial holds all deposits in full-reserve, making it the natural service provider through which Kraken Institutional can offer qualified custody.

“Custody has always been integral to the institutional crypto space and the recent success of the bitcoin ETFs has only underscored the need for a broader range of qualified custodians,” said Tim Ogilvie, Head of Kraken Institutional. “Kraken has 12+ years of experience in safeguarding client assets and a qualified custody solution is a core part of a full-service institutional offering. The release of Kraken Custody is well-timed to provide the market with an alternative via a secure and trusted provider.”

Kraken Financial is a segregated entity, where funds and assets are held remote from Kraken and are available for withdrawal at all times. Kraken Financial offers a familiar structure for clients coming from traditional finance looking to enter the digital asset class, with the safety and security they expect from a regulated financial institution.

Kraken Financial will house Kraken Custody, the secure custody offering for clients who want to store, manage and transfer crypto assets all from one interface. Assets in custody will be protected by cutting-edge security protocols built in-house by Kraken’s leading cybersecurity team. Kraken Custody will combine this best-in-class security with a seamless integration to the rest of the Kraken product suite so clients can act in the fast-paced world of crypto while their funds remain in segregated accounts.

“The state of Wyoming’s clear regulatory structure means Kraken Financial can offer qualified custody that fully meets institutions’ requirements,” said Trevor Rutar, CEO of Kraken Financial. “Under the supervision of the Wyoming Division of Banking, Kraken Financial will be subject to some of the most rigorous security and operational checks of any crypto custodian. This makes Kraken Financial the ideal entity to offer custody in line with what institutions need to engage in the crypto asset-vertical.”

Rutar continued: “Kraken is uniquely suited to provide qualified custody. We operate one of the most responsive client engagement and account management teams in the market, with a brand that institutions associate with trust. Kraken Custody will be a continuation of the same mission we’ve pursued for over a decade: give clients secure and seamless access to crypto.”

For more information, please reach out to [email protected]. Learn more about Kraken’s custody offering here.

Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC.

March 20, 2024
Kraken Launches New Brand to Offer Dedicated Crypto Solutions for Institutions

Kraken Launches New Brand to Offer Dedicated Crypto Solutions for Institutions

SAN FRANCISCO--Kraken, one of the longest-standing and most secure cryptocurrency exchanges, is delighted to announce the launch of Kraken Institutional, a new umbrella brand for a number of Kraken’s existing products and services aimed at institutions, asset managers, hedge funds and high net-worth individuals. Kraken Institutional intends to provide a one-stop shop for innovative and bespoke solutions for the unique needs of Kraken’s institutional client base.

Kraken Institutional will be the single point of contact for reliable, scalable and easy-to-integrate solutions for institutions seeking exposure to the crypto asset-class. It pulls together the Kraken products and services institutions already use, including spot trading, OTC trading and staking.1 Kraken Institutional will be protected by world-leading cybersecurity and supported by an award-winning account management team.

Kraken has a peerless reputation as one of the most reliable and reputable players, with one of the fastest and most liquid marketplaces in the industry. It is already ideally suited to be the primary trading venue for institutions who prize speed above all else, as well as those who prefer the white glove treatment.

“If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience,” said David Ripley, CEO of Kraken. “We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”

Tim Ogilvie, who came to Kraken via the acquisition of Staked, the leading non-custodial staking platform for institutions, will take over as the Global Head of Institutional. He’ll be joined by some of the most experienced engineers, product specialists, and traders in the crypto space today. Institutions need reliable, scalable and easy-to-integrate solutions and the team behind Kraken Institutional will meet the level of quality clients have come to expect.

“Institutional adoption of crypto is growing rapidly, and with the launch of Kraken Institutional we’re poised to grow with this client segment,” said Tim Ogilvie, the new Global Head of Institutional. “The recent ETF approval has spurred broader institutional demand; with Kraken Institutional, Kraken is pulling together products and services to meet the needs of institutional clients. Like crypto itself, Kraken Institutional is moving fast: expect more to come in the near future.”

Kraken Institutional will be the single point of contact for reliable, scalable and easy-to-integrate solutions for institutions seeking exposure to the crypto asset-class. It pulls together the Kraken products and services institutions already use, including spot trading, OTC trading and staking.1 Kraken Institutional will be protected by world-leading cybersecurity and supported by an award-winning account management team.

Kraken has a peerless reputation as one of the most reliable and reputable players, with one of the fastest and most liquid marketplaces in the industry. It is already ideally suited to be the primary trading venue for institutions who prize speed above all else, as well as those who prefer the white glove treatment.

“If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience,” said David Ripley, CEO of Kraken. “We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”

Tim Ogilvie, who came to Kraken via the acquisition of Staked, the leading non-custodial staking platform for institutions, will take over as the Global Head of Institutional. He’ll be joined by some of the most experienced engineers, product specialists, and traders in the crypto space today. Institutions need reliable, scalable and easy-to-integrate solutions and the team behind Kraken Institutional will meet the level of quality clients have come to expect.

“Institutional adoption of crypto is growing rapidly, and with the launch of Kraken Institutional we’re poised to grow with this client segment,” said Tim Ogilvie, the new Global Head of Institutional. “The recent ETF approval has spurred broader institutional demand; with Kraken Institutional, Kraken is pulling together products and services to meet the needs of institutional clients. Like crypto itself, Kraken Institutional is moving fast: expect more to come in the near future.”

For more information, please get in touch at Kraken Institutional, or reach out to [email protected]

February 27, 2024
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Crypto 101: A Beginner’s Guide to Crypto

Staying true to our mission to bring crypto to everyone, Kraken CEO Jesse Powell explains it all in our new video series: Crypto 101.


Kraken Facts

Recognizing the importance of Bitcoin from the onset, and understanding that the exchange is the most critical part of the cryptocurrency ecosystem, Jesse Powell co-founded Kraken to give people the means to quickly and securely invest in the space.

Kraken logo
  • Founded2011
  • Total team members2,300+
  • Where they livein 60+ countries
  • Tokens offered90+
  • Cash currencies offered7
  • Supported countries190
  • MascotKraken, of course
  • What we call our logo“The Beast” or “Creature”