Kraken Extends Custody Services to Institutional Clients in UK, Australia

Cryptocurrency exchange Kraken has expanded its custody services to institutional clients in the UK and Australia. This step reportedly marks the first international expansion of the service following its launch in the US as a solution for digital asset management.Kraken Custody Expands GloballyInitially launched in the in March, Kraken Custody targets institutional clients with a platform for managing digital assets. Among its features, Kraken Custody offers security protocols and access controls. These features are integrated into the broader Kraken product suite, offering institutions with solutions for their crypto investment strategies. Additionally, Kraken Custody enables institutions to manage and scale their strategies effectively. It offers these services through Kraken Financial, a US-based state-chartered bank. Kraken ensures that clients' digital assets are held separately from the Kraken exchange.Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.

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Jul 18, 2024 - 14:30
Kraken Extends Custody Services to Institutional Clients in UK, Australia

Cryptocurrency exchange Kraken has expanded its custody services to institutional clients in the UK and Australia. This step reportedly marks the first international expansion of the service following its launch in the US as a solution for digital asset management.

Kraken Custody Expands Globally

Initially launched in the in March, Kraken Custody targets institutional clients with a platform for managing digital assets. Among its features, Kraken Custody offers security protocols and access controls. These features are integrated into the broader Kraken product suite, offering institutions with solutions for their crypto investment strategies.

Additionally, Kraken Custody enables institutions to manage and scale their strategies effectively. It offers these services through Kraken Financial, a US-based state-chartered bank. Kraken ensures that clients' digital assets are held separately from the Kraken exchange.

Expect ongoing updates as this story evolves. This article was written by Jared Kirui at www.financemagnates.com.