The Kraken’s Latest Scheme: Crypto’s VIP Service with All the Bells and Whistles!

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What to know:

  • Kraken Prime boasts liquidity so deep, it covers more than 90% of the digital market. Yes, 90%. Imagine the kind of pool you can swim in!
  • The platform serves up asset-backed lending, T+1 credit facilities, and an in-house smart order routing system, because why not have everything?

Ah, Kraken, the crypto exchange that never sleeps, has come out with a white-glove service for its institutional clients, catering to the elite with a service that promises to meet every ridiculous expectation you’ve ever had. On Tuesday, they announced their new Kraken Prime, a luxury concierge for crypto traders, packed with all the usual suspects: top-tier execution, liquidity so vast it could swallow your worries, and financing options to make your accountant break a sweat.

But wait—there’s more! Kraken Prime says it’s providing access to liquidity covering over 90% of the digital asset market, accessible through more than 20 global venues. Basically, if crypto were an ocean, Kraken’s got you covered with a luxury yacht and an open bar.

Now, here’s the fun part: your trades can be executed directly from the holy grail of qualified custody, Kraken Financial, which just so happens to be a U.S. state-charted bank. Because, of course, when you’re dealing with assets worth more than your house, you want your trades executed by the crème de la crème of financial institutions.

And that’s not all. Kraken Prime lets you get in on asset-backed lending, T+1 credit facilities (because who has time for traditional waiting periods?), and a seamless integration system that lets you dip into on and off-platform liquidity. Their in-house smart order routing system? It’s like giving your trades a personal chauffeur. Too fancy for you? Well, it’s what the rich, crypto-savvy crowd demands.

Crypto prime brokerage is the holy grail of the digital asset world, an endeavor every serious exchange and brokerage has been chasing like a cat with a laser pointer. But Kraken? Kraken is here, ready to set the bar with a bit of sass and a whole lot of liquidity.

David Ripley, co-CEO of Kraken, put it best: “Kraken Prime enters the market with a clear mandate: deliver execution quality, service depth, and institutional rigor that not only meet but exceed what traditional finance expects.” Translation: we’re the new kids on the block, but we’re already outshining the old guard.

But here’s the kicker: “Kraken Prime’s edge lies in prioritizing quality, reliability, and consistency,” Ripley continued. “Especially in volatile markets.” Because, you know, crypto is never volatile, right? But let’s give credit where it’s due—Kraken’s setting the stage for what institutional crypto should look like. No pressure, right?

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2025-06-03 17:19