Kraken Institutional Review 2024: A Year of Innovation and Growth

This has been an incredible year for the launch of Kraken Institutional. We’re already gearing up for an even bigger and better 2025 with exciting new products and initiatives designed to deliver even more value to our institutional clients.

Looking back over the past 12 months, we are proud of the progress we have made in expanding our suite of institutional-level encryption solutions. Key highlights from this year include:

Kraken Institutional launched

On February 27, 2024, we launched a comprehensive platform designed specifically for institutions looking to add digital assets to their portfolios. Our full suite of crypto tools provides the infrastructure and support you need to navigate the complex world of institutional cryptocurrencies.

Qualified Custody Debut

Our purpose-built digital asset custody solutions provide our clients with the unique security, transparency and compliance requirements demanded by institutional clients.

Kraken futures trading volume reaches record high

As our derivatives business reaches record volumes in 2024, we have rebranded our regulated products to Kraken MTF. This has allowed us to provide our customers with more sophisticated trading tools and tools and further solidifies our position as a leader in the institutional cryptocurrency space.

Expanding the scope of OTC RFQs

The RFQ customer base grew 50% in the same period, thanks to the OTC team’s continued improvements to automated OTC trading capabilities to meet the needs of HNWI and institutional clients.

Kraken Institutional’s 2024 Growth by the Numbers

Key statistics demonstrate the momentum we have built this year.

• 142% YoY spot volume growth: Spot trading volume is showing explosive growth, increasing 142% compared to the previous year.
• Stable volume growth of 57% YoY: Our livestock livestock volume also showed significant growth, increasing by 57% compared to the previous year.
• OTC Volume and Customer Growth: Our OTC trading volume has also achieved significant growth, increasing by 54% compared to the previous year.
• Futures trading volume increases: Our futures trading volume increased 513% compared to the previous year.
• 300+ asset pairings: We added 124 new listings to our platform, bringing the total number of asset pairs to over 300.

Community Engagement and Thought Leadership

We have also worked to engage with the wider institutional cryptocurrency community by participating in over 20 major events and conferences throughout the year, including the Digital Asset Summit and Exchange.

We hosted the Wyoming Blockchain Symposium, which provided a unique opportunity for industry leaders to come together and share insights and expertise. We are delighted to announce that we will be sponsoring this event again in 2025.

Looking to the future, we are excited to build on the momentum we have established in 2024. With a roadmap of new products and initiatives, we are confident that 2025 will be an even bigger and better year for Kraken Institutional. . Stay tuned for more updates and thank you again for your partnership and support.