It’s been an unbelievable launch yr for Kraken Institutional. We’re already gearing up for a fair larger and higher 2025, with thrilling new merchandise and initiatives designed to ship much more worth to our institutional shoppers.
Wanting again on the previous 12 months, we’re happy with the progress we’ve made in increasing our suite of institutional-grade crypto options. Among the key highlights from our yr embrace:
Launching Kraken Institutional
On February 27, 2024 we launched our complete platform designed particularly for establishments trying so as to add digital belongings to their portfolios. Our full suite of crypto instruments present the infrastructure and help they should navigate the complicated world of institutional crypto.
Debuting certified custody
Our purpose-built digital asset custody answer gives our shoppers with the distinctive safety, transparency and regulatory compliance necessities institutional shoppers demand.
Reaching new all-time highs for Kraken futures buying and selling quantity
As our derivatives enterprise reached all-time excessive volumes in 2024, we rebranded our regulated providing as Kraken MTF. This enabled us to supply our shoppers with much more subtle buying and selling instruments and devices, additional solidifying our place as a frontrunner within the institutional crypto house.
Increasing the attain of OTC RFQ
Our RFQ shopper base has grown 50% in the identical interval, due to the OTC workforce’s steady enhancements to our automated OTC buying and selling function to make sure it meets the wants of our HNWI and institutional shoppers.
Kraken Institutional’s 2024 progress by the numbers
Key statistics display the momentum we’ve constructed this yr:
- 142% YoY spot quantity progress: Our spot buying and selling volumes have seen explosive progress, with a 142% improve year-over-year.
- 57% YoY stables quantity progress: Our stables volumes have additionally seen vital progress, with a 57% improve year-over-year.
- OTC quantity and shopper progress: Our OTC volumes have additionally skilled vital progress, with 54% improve year-over-year.
- Futures quantity progress: Our futures volumes have seen a 513% improve year-over-year.
- 300+ asset pairings: We added 124 new listings to our platform, bringing our complete variety of asset pairings to over 300.
Neighborhood engagement and thought management
We’ve additionally been dedicated to partaking with the broader institutional crypto group, taking part in over 20 main occasions and conferences all year long, together with the Digital Asset Summit and Alternate.
We hosted the Wyoming Blockchain Symposium, which offered a novel alternative for trade leaders to come back collectively and share their insights and experience. We’re excited to announce that we’ll be sponsoring this occasion once more in 2025.
As we glance to the longer term, we’re excited to construct on the momentum we’ve established in 2024. With a packed roadmap of latest merchandise and initiatives, we’re assured that 2025 will likely be a fair larger and higher yr for Kraken Institutional. Keep tuned for extra updates, and thanks once more to your partnership and help.
These supplies are for normal info functions solely and are usually not funding recommendation or a suggestion or solicitation to purchase, promote, stake or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken doesn’t and won’t work to extend or lower the worth of any explicit cryptoasset it makes out there. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken might or might not be required to be registered or in any other case authorised to supply particular services in every market, and also you might not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and you need to search unbiased recommendation in your taxation place. Geographic restrictions might apply. See Authorized Disclosures for every jurisdiction right here.
