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Kraken engages Beeks Exchange Cloud® to launch a colocation service designed for fairness, accessibility and high speed execution, set to go live later this year.

LONDON--Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, has announced plans for its new colocation service, aimed at clients and partners seeking ultra-fast execution. The service is designed to further enhance trading performance and scalability, while maintaining fair and transparent access to Kraken’s global crypto markets.

Starting later this year, Kraken clients will be able to access ultra-low latency trading from Kraken’s European data center by renting cloud compute from Beeks, a leading provider of low-latency compute, connectivity and analytics solutions. Eligible clients with specific technical requirements will also have the option to install physical hardware at Kraken’s data center and access colocation services directly.

“Kraken has spent over a decade continuously enhancing our infrastructure and technology, and this is the next step in that evolution,” said Shannon Kurtas, Head of Exchange at Kraken. “By working with Beeks, we’re facilitating even lower latency, more efficient price discovery and deeper liquidity for all of Kraken’s spot and derivative markets.”

While exact latency improvements will vary based on client location, those using Beeks Exchange Cloud® colocation services will experience the same low-latency benefits as those installing physical hardware at the data center. Traders operating from London, for example, can expect a sub-millisecond latency.

Gordon McArthur, CEO at Beeks Financial Cloud, said: “Our partnership with Kraken is built on shared values of performance, transparency, and trust. With Beeks’ Exchange Cloud® already delivering great results in the tier 1 equity exchanges space, this collaboration is the first of its kind in the crypto space. Together, we’re setting a new benchmark for low-latency, institutional-grade infrastructure, ensuring all traders—regardless of size—benefit from the security, reliability, and performance they need. This is a significant step forward for crypto markets—by lowering barriers to entry and leveling the playing field, we’re supporting Kraken in enhancing access, execution speed, and market fairness for all.”

Kurtas added: “Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions. This ensures our most active traders receive an enhanced experience while maintaining our commitment to equal and fair market access, a fundamental value in crypto.”

Colocation services will be available later this year.

About Kraken

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. With millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps.

For more information about Kraken, please visit www.kraken.com.

About Kraken:

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. With millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

CHEYENNE, Wyo--Kraken, one of the longest-standing, most liquid and secure crypto platforms, today announced the appointment of Ben Gray as its new Chief Legal Officer. Ben, who previously served as Global General Counsel at Paxos, brings a wealth of global experience in legal and regulatory affairs in the crypto, technology and financial sectors.

In his new role, Ben Gray will oversee Kraken’s legal, compliance, and enterprise risk management operations, guiding the company through the rapidly evolving regulatory landscape. He will ensure Kraken continues to uphold the highest standards of compliance and integrity as it further expands its geographical footprint and product portfolio. Ben will report directly to Arjun Sethi and David Ripley, co-CEO’s at Kraken.

“Ben is a critical addition to Kraken’s leadership team as we scale the business and drive innovation globally. His deep experience as a general counsel and chief compliance officer make him an ideal CLO for Kraken, as the industry continues fighting for regulatory clarity and consumer protections,” said Arjun Sethi, co-CEO of Kraken.

“By aligning legal, compliance and risk within this team, we are looking forward to leveraging Ben’s unique experience to ensure seamless execution and operational excellence across the markets in which we operate globally,” said David Ripley, co-CEO at Kraken.

“I am honored to step into the role of Chief Legal Officer at Kraken, a company that has consistently been at the forefront of the cryptocurrency industry. Over the past year, we've seen tremendous progress in moving towards regulatory clarity around the globe and 2025 will be a pivotal year. Those that adapt most effectively without compromise to their ability to innovate and provide the best possible client experience will come out on top. Kraken is extremely well positioned to capitalize on this opportunity, and I couldn’t be more excited to join Kraken during this next phase of growth for the crypto industry,” said Ben Gray.

Ben brings over 15 years of experience at the intersection of blockchain, crypto, and legal compliance. His career has spanned diverse roles, from serving in the U.S. federal government as a financial regulator, to working as a regulatory attorney during the early days of Bitcoin, to pioneering compliance frameworks for consumer-facing crypto products at Block (formerly Square), and to leading innovative stablecoin initiatives at Paxos, including the USDG stablecoin which was launched in partnership with Kraken.

His unique background and leadership skills will help Kraken with the ongoing expansion of its global footprint while navigating regulatory changes in its major markets such as Europe and the U.S.

Ben succeeds Marco Santori, who has been Kraken’s Chief Legal Officer since 2020. Marco, who has been instrumental in building a world-class legal team, representing crypto on the global stage, and tackling critical regulatory challenges, will stay on as an advisor.

About Kraken:

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. With millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves. In 2024, Kraken ranked 14th in Newsweek’s Global Top 100 list of Most Loved Workplaces. The only crypto company to have made the list two years in a row, this showcases how the platform offers one of the world’s most compelling employment opportunities.

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.

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.