Kraken launches Kraken Prime, a brokerage service for institutional crypto clients

Kraken has launched Kraken Prime, a full-service prime brokerage platform designed for institutional investors entering the digital asset space. 

The offering consolidates trading, custody, and financing solutions into a single platform, aiming to meet rising institutional demand for professional-grade crypto infrastructure, according to the company. 

Kraken Prime offers access to liquidity representing over 90% of the global digital asset market across more than 20 venues. 

Clients can trade directly from qualified custody managed by Kraken Financial, a U.S. state-chartered bank. The platform features include T+1 credit facilities, asset-backed lending, and a smart order routing system that integrates both on- and off-platform liquidity.

Kraken Prime for asset management

The product targets hedge funds, asset managers, and corporations looking for institutional-grade execution and risk management capabilities in crypto markets. 

Kraken positions the service as a response to growing regulatory clarity and maturing infrastructure, which have made digital assets more accessible to traditional finance participants.

“Kraken Prime is built to meet the execution quality and service expectations of today’s institutional investors,” Kraken co-CEO David Ripley said in a statement. “We may not be the first to market, but we’re setting the bar for institutional crypto.”

Kraken Prime distinguishes itself by offering 24/7 white-glove client support and integration with Kraken’s custody and banking services.

Kraken Prime is currently available to eligible institutional clients. The platform has received SOC 2 Type I and ISO/IEC 27001 certifications, signaling compliance with industry-standard security and operational protocols.