Kraken Institutional 2024 in review: A year of innovation and growth
It’s been an incredible launch year for 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 on the past 12 months, we’re proud of the progress we’ve made in expanding our suite of institutional-grade crypto solutions. Some of the key highlights from our year include:
Launching Kraken Institutional
On February 27, 2024 we launched our comprehensive platform designed specifically for institutions looking to add digital assets to their portfolios. Our full suite of crypto tools provide the infrastructure and support they need to navigate the complex world of institutional crypto.
Debuting qualified custody
Our purpose-built digital asset custody solution provides our clients with the unique security, transparency and regulatory compliance requirements institutional clients demand.
Reaching new all-time highs for Kraken futures trading volume
As our derivatives business reached all-time high volumes in 2024, we rebranded our regulated offering as Kraken MTF. This enabled us to provide our clients with even more sophisticated trading tools and instruments, further solidifying our position as a leader in the institutional crypto space.
Expanding the reach of OTC RFQ
Our RFQ client base has grown 50% in the same period, thanks to the OTC team’s continuous improvements to our automated OTC trading feature to ensure it meets the needs of our HNWI and institutional clients.
Kraken Institutional’s 2024 growth by the numbers
Key statistics demonstrate the momentum we’ve built this year:
- 142% YoY spot volume growth: Our spot trading volumes have seen explosive growth, with a 142% increase year-over-year.
- 57% YoY stables volume growth: Our stables volumes have also seen significant growth, with a 57% increase year-over-year.
- OTC volume and client growth: Our OTC volumes have also experienced significant growth, with 54% increase year-over-year.
- Futures volume growth: Our futures volumes have seen a 513% increase year-over-year.
- 300+ asset pairings: We added 124 new listings to our platform, bringing our total number of asset pairings to over 300.
Community engagement and thought leadership
We’ve also been committed to engaging with the wider institutional crypto community, 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 their insights and expertise. We’re excited to announce that we’ll be sponsoring this event again in 2025.
As we look to the future, we’re excited to build on the momentum we’ve established in 2024. With a packed roadmap of new products and initiatives, we’re 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.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
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