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Kraken Launches Prime Brokerage Services for Institutional Clients

'Kraken Prime' will compete with Coinbase Prime and FalconX.
Kraken Launches Prime Brokerage Services for Institutional Clients
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Kraken Kraken debuts Kraken Prime, its full-service institutional crypto brokerage, offering trading, custody, and financing tools to meet industry demand.

What’s the Scoop?

  • Launch of Kraken Prime: Kraken introduces a full-service prime brokerage solution called Kraken Prime, targeted at institutional investors, integrating trading, custody, and financing.
  • Institutional Focus: Kraken Prime offers multi-venue liquidity access, T+1 credit facilities, and asset-backed lending tailored for institutions like hedge funds and corporates.
  • Competitive Positioning: Kraken aims to rival Coinbase Coinbase Prime and FalconX by providing quality execution and institutional-grade compliance in the crypto space.

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