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Kraken Embed: Deliver Regulated Crypto Trading to Your Customers Without Building the Infrastructure
In a move that promises to revolutionize the way financial institutions approach cryptocurrency trading, Kraken has announced the launch of Kraken Embed – a turnkey solution designed specifically for banks, fintechs, and financial platforms. This innovative service empowers partners to deliver secure, compliant crypto trading experiences without having to build the infrastructure from scratch.
The growing demand for crypto services presents a significant challenge for financial institutions looking to capitalize on this trend. Building the necessary infrastructure to support cryptocurrency trading can be time-consuming, expensive, and complex – not to mention the regulatory hurdles that must be cleared before launching such a service. Kraken Embed alleviates these concerns by providing a comprehensive solution that allows partners to bring crypto to market quickly and efficiently.
Kraken’s expertise in building one of the most secure and regulated crypto platforms in the world is now being offered as a service, allowing institutions to bypass the considerable costs and challenges associated with building their own infrastructure. With Kraken Embed, financial institutions can focus on what matters most – delivering exceptional customer experiences and driving business growth.
In a recent case study, bunq, the second-largest neobank in Europe, leveraged Kraken Embed to bring crypto trading capabilities to its users within just weeks. By leveraging Kraken’s low-latency, modular API architecture and whitelabel backend, bunq was able to bypass the need for custom infrastructure development and instead focus on delivering a high-performance trading experience.
Kraken Embed offers numerous benefits to financial institutions looking to enter the cryptocurrency market. For instance, partners can easily deploy the service using Kraken’s modular APIs, ensuring a seamless integration with their existing platform architecture. The solution also supports 370+ crypto assets across more than 100 blockchain networks, providing unparalleled asset coverage and flexibility.
Moreover, Kraken Embed ensures that institutions stay ahead of regulatory demands by adhering to global standards, thereby mitigating potential legal risks. By partnering with Kraken, financial institutions can rest assured that they are operating within the framework of strict compliance and regulatory alignment.
The benefits don’t stop there, as Kraken Embed offers operational simplicity, with Kraken handling infrastructure, custody, and settlement for its partners. This streamlined approach enables financial institutions to focus on their core competencies while minimizing administrative burdens.
By leveraging Kraken’s proven infrastructure, institutions can scale up quickly and reliably, without worrying about the complexities of building and maintaining a crypto trading platform from scratch.
At the heart of Kraken Embed is a commitment to providing a unified customer experience. By integrating the service into their own platforms, financial institutions can ensure that users remain within their ecosystem, reducing the risk of disengagement and driving long-term loyalty.
In an era where cryptocurrency adoption is on the rise, it’s more critical than ever for financial institutions to stay ahead of the curve. By partnering with Kraken Embed, institutions can deliver exceptional trading experiences, drive business growth, and meet the evolving demands of their customers.
To learn more about how Kraken Embed can help your institution tap into the crypto market without sacrificing regulatory compliance or scalability, speak with a member of our team today.
Source: https://blog.kraken.com/product/kraken-embed/deliver-regulated-crypto-trading
