Key Takeaways:
- Kraken Custody expands to the UK and Australia, targeting institutional clients with secure digital asset solutions.
- Future expansions are planned for the EU, Switzerland, Cayman Islands, and British Virgin Islands.
- Kraken partners with Tottenham Hotspur and advances in Mt. Gox reimbursement with a 48,641 Bitcoin transfer.
Kraken, a cryptocurrency exchange, has launched its Kraken Custody services for institutional clients in the UK and Australia.
This expansion is Kraken Custody’s first international move after its US launch earlier this year.
NOW AVAILABLE: Kraken Custody for institutional clients in the UK 🇬🇧& Australia 🇦🇺
— Kraken Pro (@krakenpro) July 18, 2024
✔︎ Cutting-edge security protocols
✔︎ On-chain, segregated assets
✔︎ Role-based access controls
Get started ⤵️ https://t.co/ne8YN281Rl pic.twitter.com/OWwc6Jj6EX
The service aims to provide secure storage, management, and scaling solutions for institutional clients’ digital assets.
Tim Ogilvie, Kraken’s global head of institutional, mentioned plans for further expansion into the European Union, Switzerland, Cayman Islands, and British Virgin Islands.
Kraken Custody uses advanced security protocols, including MPC technology and HSMs, to ensure secure and flexible access to assets.
Crypto exchange Kraken’s recently launched institutional business unit begins offering custody services to customers in the UK and Australia https://t.co/8VQHAnPxEi
— Bloomberg Crypto (@crypto) July 18, 2024
Kraken has also partnered with UK football club Tottenham Hotspur as their official crypto and Web3 partner, featuring Kraken on the club’s sleeves.
Additionally, Kraken announced it has received reimbursement funds related to the Mt. Gox incident, with distributions expected soon.
This includes a significant transfer of 48,641 Bitcoin, marking progress in the reimbursement process.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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