Kraken launches bulk brokerage solution Kraken Prime

Foresight News reports that Kraken has launched Kraken Prime, a comprehensive primary brokerage solution aimed at providing institutional investors with trading, custody, and financing services through a single platform. Kraken collaborates with Coinbase Prime and FalconX to provide bulk brokerage services for institutional cryptocurrency clients. Kraken Prime customers can access liquidity in over 90% of the global digital asset market across more than 20 locations and receive 24/7 white glove support. Customers can directly execute transactions from qualified custodians of Kraken Financial, a state chartered bank in the United States. The platform also provides asset-backed loans, T+1 credit services, and connects internal and external liquidity through a proprietary order routing system.