It was an incredible launch year for Kraken Institutional. We are already preparing 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-grade crypto solutions. Some of the highlights of our year include:
Launch of institutional Kraken
On February 27, 2024, we launched our comprehensive platform designed specifically for institutions looking to add digital assets to their portfolios. Our comprehensive suite of crypto tools provides the infrastructure and support they need to navigate the complex world of institutional crypto.
Start of qualified care
Our purpose-built digital asset custody solution provides our clients with the unique security, transparency and regulatory compliance requirements that institutional clients demand.
Reaching New All-Time Highs for Kraken Futures Trading Volume
As our derivatives business reached unprecedented volumes in 2024, we rebranded our regulated offering as Kraken MTF. This has allowed us to provide our clients with even more sophisticated trading tools and instruments, strengthening our leading position in the institutional crypto space.
Expand the scope of OTC tenders
Our RFQ client base grew by 50% during the same period, thanks to the OTC team’s continued enhancements to our automated OTC trading feature to ensure it meets the needs of our high net worth and institutional clients.
Kraken Institutional’s growth in 2024 in figures
Key statistics demonstrate the momentum we have created this year:
- Spot volume growth of 142% year-on-year: Our spot trading volumes have seen explosive growth, increasing 142% year-over-year.
- Stable volume growth of 57% year-on-year: Our stable volumes have also seen significant growth, with an increase of 57% year-on-year.
- OTC volume and customer growth: Our OTC volumes also saw significant growth, increasing 54% year-over-year.
- Futures volume growth: Our futures volumes saw a 513% year-over-year increase.
- More than 300 asset associations: We added 124 new registrations to our platform, bringing our total number of asset pairs to over 300.
Community Engagement and Thought Leadership
We are also committed to engaging with the broader institutional cryptocurrency community, participating in more than 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 ideas and expertise. We are delighted to announce that we will sponsor this event again in 2025.
As we look to the future, we are excited to continue the momentum we have established in 2024. With a roadmap rich in 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 thanks again for your partnership and support.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken does not and will not endeavor to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are not; In any event, Kraken may or may not be required to be registered or otherwise authorized to provide specific products and services in each market, and you may not be protected by government compensation programs and/or regulatory protections. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply. See legal notices for each jurisdiction here.
