Kraken, founded in 2011, is one of the longest-operating global cryptocurrency exchanges, offering trading in hundreds of digital assets.

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The company ahs also launched Kraken Prime, a prime brokerage platform that targets institutional investors, and will support among other services, asset-backed lending, T+1 facilities and an in-house smart order routing system.

The launch marks a significant step in Kraken’s broader strategy to evolve into a multi-asset financial platform. The San Francisco-based firm has historically focused on crypto trading but is now pushing into areas traditionally dominated by legacy institutions.

Kraken's main platform allows users to buy, sell and bet on the future price of hundreds of digital coins and tokens.

Founded in 2011, Kraken is one of the longest-operating digital asset exchanges and has consistently expanded its services to a global user base