It’s been an unimaginable launch yr for Kraken Institutional. We’re already gearing up for an excellent larger and higher 2025, with thrilling new merchandise and initiatives designed to ship much more worth to our institutional shoppers.
Trying again on the previous 12 months, we’re happy with the progress we’ve made in increasing our suite of institutional-grade crypto options. A number of the key highlights from our yr embody:
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 resolution offers 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 offer our shoppers with much more refined 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, because of the OTC group’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 development by the numbers
Key statistics display the momentum we’ve constructed this yr:
- 142% YoY spot quantity development: Our spot buying and selling volumes have seen explosive development, with a 142% enhance year-over-year.
- 57% YoY stables quantity development: Our stables volumes have additionally seen important development, with a 57% enhance year-over-year.
- OTC quantity and shopper development: Our OTC volumes have additionally skilled important development, with 54% enhance year-over-year.
- Futures quantity development: Our futures volumes have seen a 513% enhance year-over-year.
- 300+ asset pairings: We added 124 new listings to our platform, bringing our whole variety of asset pairings to over 300.
Group engagement and thought management
We’ve additionally been dedicated to partaking with the broader institutional crypto group, collaborating in over 20 main occasions and conferences all year long, together with the Digital Asset Summit and Exchange.
We hosted the Wyoming Blockchain Symposium, which supplied a singular 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 event again 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 probably be an excellent larger and higher yr for Kraken Institutional. Keep tuned for extra updates, and thanks once more on your partnership and help.
These supplies are for basic data 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 value of any explicit cryptoasset it makes obtainable. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken could or is probably not required to be registered or in any other case authorised to offer particular services in every market, and also you is probably not 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 enhance within the worth of your cryptoassets and it’s best to search impartial recommendation in your taxation place. Geographic restrictions could apply. See Authorized Disclosures for every jurisdiction here.
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