Kraken launches Embed-a crypto-as-a service with which banks and fintechs provide their customers seamless access to cryptocurrencies

Kraken embed ensures direct access to the liquidity of octopuses and enables partners to handle cryptocurrencies safely and without surgical complexity

Kraken, one of the oldest, liquidest and safest crypta borns, has today announced the introduction of octopuses embed a new crypto-as-a-service (Caas) solution for neobanks, fintechs and traditional banks that provide customers with seamless access to cryptocurrencies.

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With octopus embeds, the operational and infrastructural requirements are significantly simplified, so that financial institutions can enable their customers a regulated crypto trade within a few weeks without bringing comprehensive internal know-how. With octopus embed institutions benefit from the proven market experience, robust liquidity and the industry -leading stock market infrastructure.

The real effects of Embed already demonstrated with his first public integration partner Bunq, one of the leading Neobanken in Europe.

“Kraken is a global market leader in cryptocurrencies and has more than 15 years of experience with one of the most liquid cryptoma markets in the world,” reports Brett McLain, Head of Blockchain and Payments at Kraken. “Our Crypto-As-A-Service solution enables a variety of financial institutions to use the growing customer demand in an efficient way, but without the complexity and the costs associated with the operation of your own marketplace.”

Since 2011, Kraken has been instrumental in trading cryptocurrencies. The company supports trade with more than 370 digital assets and is one of the most liquid crypto bonds worldwide. Thanks to the liquidity, the technical skills and the market expertise of octopuses, institutional customers can bring competitive crypto offers on the market with Embed in a short time in order to meet their customers' growing demand.

“With Embed, Kraken passes on his extensive know-how at institutions that are looking for a reliable, legal and seamless entry into the world of cryptocurrencies,” adds McLain. “Our goal is to help banks and fintech companies worldwide to adapt and be successful, while cryptocurrencies gradually become a mainstream.”

The start of octopus embed is strategically geared towards the global trend towards accepting cryptocurrencies. This applies in particular in Europe, where more regulatory clarity by frameworks such as Mica lead to dynamic market growth and increased activity. With its robust technical and regulatory infrastructure, Kraken is a reliable partner for financial institutions who enter the cryptom market.

Recently, Kraken announced his first public Caas integration with Bunq. Further partnerships are to follow in the near future. Further information is available here.

About octopuses

Kraken is one of the world's most established and safest cryptoplatt forms. Our goal is to accelerate the worldwide introduction of cryptocurrencies so that more and more people can benefit from financial freedom and inclusion. Kraken customers deal with more than 300 digital assets and six different national currencies worldwide, including GBP, EUR, USD, CAD, CHF and AUD.

Kraken was founded in 2011 and was one of the first providers, the spot trade in margin, parachain auctions, staking, regulated derivatives and index services via a single platform. With millions of private individuals, dealers and institutions worldwide, Kraken offers professional customer support around the clock as well as one of the fastest and most powerful trading platforms on the market. Kraken has set the standard for transparency and customer confidence across the sector and was the first cryptoplate form to present a proof of reserve.

The octopus markets can be monitored and traded via the Internet or via the apps and octopuses Pro for iOS and Android.

You can find out more about octopuses at www.kraken.com.

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