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Kraken Institutional 2024 in Review: A Year of Innovation and Growth
As we bring the curtain down on a remarkable 2024, it’s with great pride that we reflect on the incredible journey Kraken Institutional has taken this year. Despite the challenges faced by the industry as a whole, our team worked tirelessly to drive innovation and growth, culminating in an unprecedented year of expansion and development.
One of the most notable milestones achieved was the successful launch of our comprehensive platform designed specifically for institutions looking to incorporate digital assets into their portfolios. This groundbreaking initiative has empowered a wider range of organizations to tap into the vast potential offered by the crypto markets.
A major highlight was also the debut of qualified custody, which provides our clients with unparalleled security, transparency, and regulatory compliance. This move not only underscores our commitment to institutional-grade solutions but also underscores our ability to adapt and evolve in response to ever-changing market conditions.
Another significant achievement is the substantial growth we’ve seen in Kraken futures trading volumes, reaching all-time highs throughout 2024. The rebranding of our regulated derivatives offering as Kraken MTF has further solidified our position at the forefront of the institutional crypto space.
Our OTC RFQ platform has also experienced remarkable expansion, with a staggering 50% increase in client base growth over the past year. This can be attributed to the unwavering dedication and tireless efforts by our OTC team to continually improve and refine their automated OTC trading feature.
Furthermore, we’ve seen explosive growth across various metrics, including:
* A 142% year-over-year (YoY) increase in spot trading volumes
* A 57% YoY spike in stables volume
* A remarkable 54% YoY surge in OTC volume and client growth
* An astonishing 513% YoY jump in futures volume
Notably, we’ve expanded our asset listings by a significant 124 new additions to the platform, now boasting an impressive portfolio of over 300 available pairings.
Throughout the year, Kraken Institutional has remained committed to fostering meaningful connections within the wider institutional crypto community. Our team has actively participated in more than 20 major events and conferences, including high-profile gatherings such as the Digital Asset Summit and Exchange. We’re also thrilled to announce that we’ll be sponsoring the Wyoming Blockchain Symposium for another year, offering a unique opportunity for industry leaders to converge and share their insights.
As we look ahead to the new year, it’s clear that Kraken Institutional is poised for even greater heights of innovation and growth. As we continue to break ground in the crypto markets, we’re dedicated to empowering institutions worldwide to seize the vast opportunities presented by these rapidly evolving markets.
In conclusion, 2024 has been a testament to the unwavering commitment and dedication of our team towards creating unparalleled institutional-grade solutions that empower the industry at large.
Source: blog.kraken.com
