Kraken has introduced Kraken Embed, a new
Crypto-as-a-Service (CaaS) product. It is designed for neobanks, fintech
companies, and traditional banks. The service allows institutions to offer
cryptocurrency trading to their customers.
Earlier this month, Kraken
expanded beyond crypto by launching FX perpetual futures for EUR/USD and
GBP/USD. Available on Kraken Pro, the new instruments allow 24/7 trading of
major currency pairs for the first time on the platform. Unlike traditional FX
products, these contracts do not expire and trade continuously.
New Service Enables Fast Crypto Market Entry
“Our Crypto-as-a-Service solution enables a wide range of
financial institutions to efficiently meet growing client demand without the
complexity and overhead of running their own marketplace,” said Brett McLain,
Head of Payments and Blockchain at Kraken.
Kraken Embed reduces the need for extensive operational and
technical development. It enables institutions to provide crypto services
within weeks. Kraken says the solution uses its existing liquidity, technical
infrastructure, and regulatory experience.
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Cool! My bank is offering crypto now straight in the app. @bunq using @krakenfx in the back. Bought 0.75 SOL and it works like a charm!Curious to see what will happen to many of the trading platforms, if crypto can just be traded in people’s banking apps. pic.twitter.com/1GD3zWaQNh
— Niels | Nelis.sol (@Nelis_sol) April 30, 2025
First Kraken Embed Integration with bunq
The first public integration of Kraken Embed is with bunq, a
European neobank. Kraken plans to announce more partnerships soon.
Founded in 2011, Kraken supports trading in over 370 digital
assets. It is considered one of the most liquid crypto exchanges in the market.
With Kraken Embed, the company aims to help financial institutions meet growing
customer demand for crypto products.
The launch comes as global adoption of crypto is rising. In
Europe, regulations such as MiCA are providing clearer rules for the market. According
to Kraken, its infrastructure is positioned to support institutions in this
environment.
This article was written by Tareq Sikder at www.financemagnates.com.
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