Kraken Enters Custody Service Market with Kraken Custody Launch
Kraken Enters Custody Service Market
Kraken, one of the prominent names in the cryptocurrency exchange industry, has made a significant move by launching its custody service, Kraken Custody. This new service is poised to compete directly with industry giant Coinbase, especially in catering to institutional investors involved in spot bitcoin ETFs.
Competing with Industry Leader
Kraken's entry into the custody service arena puts it in direct competition with Coinbase, a platform that has been the preferred choice for many institutional investors. With Kraken now offering its own custody service, investors have more options to consider for their cryptocurrency holdings.
- Kraken Custody: The new service by Kraken provides a secure solution for institutional investors to store their digital assets.
- Increased Competition: The launch of Kraken Custody intensifies the competition in the custody service market, potentially leading to improved services and offerings for investors.
- Benefits for Investors: Institutional investors now have a choice between Coinbase and Kraken for their custody needs, promoting innovation and better solutions in the field.
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