Kraken Partners with Alpaca to Expand Crypto Trading for Financial Institutions

Cryptocurrency exchange Kraken has announced a partnership with Alpaca aimed at expanding crypto trading services to financial institutions. This collaboration will enable Alpaca to enhance its existing regulated crypto spot and derivatives trading capabilities by integrating Kraken Embed and Kraken's Crypto-as-a-Service (CaaS) solution.

The development is expected to provide Alpaca's partners with secure and efficient access to various cryptocurrencies, leveraging Kraken's global liquidity and institutional-grade infrastructure, all delivered through Alpaca's unified Broker API. Both companies state they will focus on meeting client and user needs in the evolving market while prioritizing compliance with regulatory requirements.

According to a press release, Kraken's deep liquidity and global network of regulatory licenses will offer Alpaca's partners access to robust markets and efficient execution. Combined with Alpaca's regulatory licensing and infrastructure, the partnership seeks to deliver a frictionless, secure, and full-service solution for multi-asset trading. This is designed to allow clients to integrate equities and crypto into their applications with minimal engineering effort. Kraken Embed is intended to provide financial institutions with the ability to offer compliant end-to-end crypto solutions without the burden of managing complex infrastructure, facilitating a faster and easier way to meet growing user demand.

The collaboration is currently active in the United States, with plans for future expansion to Canada, the European Union, and the United Kingdom. The roadmap for the partnership also includes additional offerings such as staking and crypto derivatives, aiming to support the needs of a growing user base for cryptocurrencies.