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Kraken Institutional 2024 in Review: A Year of Innovation and Growth
As we close the door on a remarkable year at Kraken Institutional, it’s essential to reflect on our progress and accomplishments. This past year has been nothing short of incredible, marked by significant growth, innovative advancements, and a relentless commitment to supporting the ever-evolving needs of our institutional clients.
The launch of Kraken Institutional in February 2024 marked the beginning of this remarkable journey. Since then, we have strived to provide a comprehensive platform for institutions looking to incorporate digital assets into their portfolios. This vision has led us to debut an array of institutional-grade crypto solutions that cater to the unique requirements of our clients.
One of our primary accomplishments is the successful launch of our qualified custody solution, specifically designed to address the heightened security, transparency, and regulatory compliance demands from institutional investors. This achievement underscores our dedication to delivering unparalleled service and confidence in the digital asset space.
Another pivotal milestone has been our relentless focus on expanding our range of crypto offerings. Our derivatives business has reached unprecedented heights, with a staggering 513% increase in futures volume growth compared to the previous year. This meteoric rise is a testament to our unwavering commitment to innovation and adaptation to the ever-evolving landscape.
Our spot trading volumes have also experienced explosive growth, boasting an impressive 142% year-over-year increase. Furthermore, our stablecoin volumes have seen substantial gains, with a remarkable 57% growth in the same period. Our Over-the-Counter (OTC) business has also witnessed significant expansion, as we continue to prioritize the needs of our high-net-worth individual and institutional clients.
In addition to these accomplishments, we’ve made significant strides in expanding our asset pairings. We’re now proud to offer a comprehensive range of over 300 unique asset combinations, empowering our clients with unparalleled flexibility and choice.
Community engagement and thought leadership have also been key areas of focus for us. Throughout the year, we’ve participated in numerous high-profile events, conferences, and forums, solidifying our position as thought leaders within the institutional crypto space.
As we look ahead to 2025, we’re more excited than ever about the opportunities that lie before us. Our packed roadmap is filled with innovative products and initiatives designed to further elevate the value proposition for our clients. Rest assured that we’ll continue to prioritize their needs and expectations as we forge a path forward in the rapidly evolving institutional crypto landscape.
Here’s to an incredible year, and here’s to an even more remarkable future!
Source: blog.kraken.com
