The Currency analytics
By Pankaj K
Kraken just went live. The crypto exchange hooked its over-the-counter trading desk straight into ICE Chat, giving institutional traders direct access to crypto spot and options…
Over 120,000 ICE Chat clients can now hit up Kraken's OTC desk without leaving their usual workflow.
ICE Chat sits inside ICE's bigger technology stack and keeps trading firms connected in real-time.
Kraken's been pushing hard into established institutional territory lately. Just last month, Kraken-backed xStocks went live on 360X, giving Deutsche Börse Group clients access…
ICE launched its Polymarket Signals and Sentiment tool for professional and institutional investors recently.
Kraken's latest moves show the exchange wants to own more of the institutional trading space.
The collaboration with ICE Chat fits Kraken's bigger push to serve institutional clients better.
Kraken's not just doing the ICE Chat thing, either. The company's exploring more partnerships and tech upgrades to beef up its institutional offerings.
Industry watchers expect Kraken to keep innovating and expanding services, though the company stays pretty quiet about specific future plans.
Kraken's ICE Chat partnership fits a broader trend of crypto exchanges trying to boost their institutional appeal.
The Deutsche Börse Group collaboration through xStocks on 360X represents another piece of Kraken's institutional strategy.
ICE's recent activities, including its exclusive Polymarket data distribution deal, mirror Kraken's institutional focus.
Collaborations like Kraken and ICE will probably become more common as the crypto market matures.