Kraken Custody Expands to UK and Australia
Kraken Institutional, the arm of Kraken focused on institutional investors, has announced the expansion of Kraken Custody to the UK and Australia. This marks the first international expansion of Kraken Custody since its launch earlier this year.
What is Kraken Custody?
Kraken Custody is a crypto custody service offered through Kraken Financial, a state-chartered bank in Wyoming. It provides institutional clients with a secure and reliable way to store, manage, and transfer their crypto assets.
Benefits of Kraken Custody
* **Best-in-class security:** Kraken Custody is held to some of the most rigorous security and operational checks of any crypto custodian.
* **Seamless integration:** It seamlessly integrates with the rest of the Kraken product suite.
* **Segregated accounts:** Funds are held in segregated accounts, ensuring the safety of client assets.
Supported Assets
Kraken Custody currently supports Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). More assets are expected to be added later this year.
Kraken’s Global Reach
Kraken has a strong presence in both the UK and Australia, making them natural choices for the first international expansion of Kraken Custody. The expansion is expected to further bolster Kraken’s position as a leading crypto platform for institutional investors.
Kraken continues to expand its reach and services, providing institutional investors with a trusted and secure platform for engaging in the crypto market.
