Kraken to Launch Over The Counter Trading Platform

The minimum threshold of the new trading platform is $ 100,000
18 September 2018   390

The Kraken cryptocurrency exchange has added the possibility of over-the-counter trade in digital assets. It is worth noting that the minimum threshold for trading operations on the new OTC-platform is $ 100 000.

As stated in the blog Kraken, OTC-platform will be available "for residents of all countries."

Kraken is excited to announce a major expansion to our OTC trading platform which will enhance the execution of large block trades for clients worldwide. We offer deeper liquidity and private, personalized service to institutions and high net-worth individuals needing to fill large orders. 

Kraken Team

For trading on the site, 17 cryptocurrencies are available, including bitcoin, Ethereum, XRP, EOS, Litecoin, Monero, Dash and Zcash, as well as three fiat currencies: the US dollar, euro and yen.

The company's blog also says that the Kraken OTC team has nine professional traders from North America, Europe and Asia, ready to provide assistance to customers.

Members have a combined 100 years of trading experience working for major financial institutions such as JP Morgan, Credit Suisse, UBS, Morgan Stanley and Merrill Lynch. Kraken OTC sets itself above competitors by offering superb, hi-touch service at every step ranging from initial consultation and expert market insight, all the way through final settlement.

Kraken Team

Earlier, Kraken denied information about the massive dismissal of employees because of financial problems. 

Kraken to Acquire Crypto Facilities

Crypto Facilities provides BTC, ETH, XRP, LTC, BCH futures AND delivers CME pricing data
04 February 2019   199

Kraken acquired the British cryptoderivative platform Crypto Facilities. This is stated in appropriate press release.

The exact amount of the transaction is not specified, it said only that it is expressed in "a nine-digit number." Crypto Facilities features Bitcoin, Live, XRP, Litecoin and Bitcoin Cash futures. The platform also delivers CME pricing data.

I’m thrilled to welcome the Crypto Facilities team into the Kraken family. We are excited to introduce eligible clients to these industry leading futures and index products. Over the coming months, our teams will continue to enhance and expand these offerings. We’ve got great stuff in store for traders and institutional clients in 2019.

Jesse Powell
CEO, Kraken

In an interview with Fortune, Powell said that Kraken will soon receive a $ 100 million investment from the “big customers of the exchange.”

In December last year, it became known that Kraken is considering the possibility of a private placement of securities when valuing the company at $ 4 billion.