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Kraken Institutional 2024 in Review: A Year of Innovation and Growth
As we reflect on the past year, it’s clear that 2024 has been a remarkable one for Kraken Institutional. We’re proud to have made significant strides in expanding our suite of institutional-grade crypto solutions, solidifying our position as a leader in the institutional crypto space.
One of the most notable achievements of the year was the launch of our comprehensive platform designed specifically for institutions looking to add digital assets to their portfolios. This marked a major milestone for us, as we committed ourselves to providing the infrastructure and support that institutional clients demand.
Another significant development was the debut of our purpose-built digital asset custody solution. Our qualified custody offering provides the unique security, transparency, and regulatory compliance requirements that institutional clients require. This addition has further solidified our position in the market by catering to the specific needs of institutions.
We’re also thrilled with the growth we’ve seen across various metrics, including a 142% year-over-year (YoY) spot volume increase, a 57% YoY stables volume growth, and a 54% YoY OTC volume expansion. Our futures volumes have also experienced an astonishing 513% YoY surge.
In addition to these impressive numbers, we’ve expanded our asset pairings by adding a significant 124 new listings to our platform, bringing the total number of available pairings to over 300. This demonstrates our commitment to continually adapt and innovate in order to provide our clients with the best possible experience.
Throughout the year, we’ve been committed to engaging with the wider institutional crypto community, participating in over 20 major events and conferences. We’ve also taken an active role in promoting thought leadership through hosting events like the Wyoming Blockchain Symposium. This has provided a unique opportunity for industry leaders to share their insights and expertise.
As we look ahead to 2025, we’re excited about the prospect of building on the momentum established this year. Our roadmap is packed with new products and initiatives designed to deliver even greater value to our institutional clients. Stay tuned for more updates as we continue to drive growth and innovation in the institutional crypto space.
About Kraken Institutional
Source: blog.kraken.com
