Kraken Embed is a service that allows banks and fintechs to integrate regulated crypto trading without building complex systems. It enables a fast launch, compliance with global regulations, and smooth user experiences, exemplified by bunq’s recent in-app crypto trading launch. This solution aims to meet the increasing demand for cryptocurrency services in a streamlined manner.
Fast Summary: Kraken Embed offers a complete solution for banks and fintechs to integrate regulated crypto trading without the need for complex infrastructure. This service has recently facilitated bunq’s in-app crypto trading launch, allowing rapid market entry and compliance with regulatory standards. The aim is to help financial platforms meet the growing demand for cryptocurrency while maintaining brand control and operational simplicity.
Article Body: Kraken has just introduced Kraken Embed, a new service aimed at banks, fintechs, and different financial platforms, making it easier than ever to add regulated crypto trading without needing to invest in infrastructure. This solution is being exemplified by bunq, Europe’s second-largest neobank, which recently rolled out in-app crypto trading thanks to Kraken’s robust Crypto-as-a-Service integration.
With the appetite for cryptocurrencies increasing, more financial services need to jump on the bandwagon. However, the challenge comes when these businesses try to build secure, compliant systems from scratch. Kraken Embed offers a streamlined alternative, designed to let partners integrate crypto trading on their platforms quickly. This way, they can respond to customer demand without lengthy development periods.
Kraken Embed claims to be a comprehensive solution that enables all sorts of financial institutions to implement crypto trading swiftly. It’s designed for a range of users, from digital-first fintechs and payment platforms to more traditional banks eager to explore digital assets. The effectiveness of this service lies in its ability to help these partners launch fast, scale securely, and adhere to compliance regulations.
A good example is bunq’s recent launch of in-app crypto trading, which was made possible in just a few weeks using Kraken’s framework. Their implementation featured a rapid and secure rollout that was fully aligned with regulatory guidelines, allowing bunq to start offering their users digital asset trading right there in the app itself.
Thanks to Kraken’s modular and low-latency API architecture, bunq didn’t have to build a customised infrastructure to enable their trading services. Instead, they could focus on providing a compliant and high-performance trading experience.
So what exactly can Kraken Embed offer its partners? Well, the platform allows for easy deployment via its modular APIs and supports a vast selection of more than 370 crypto assets across over 100 different blockchains. This means customers can access a wide variety of digital assets, all while maintaining compliance with global regulations.
Furthermore, Kraken showcases its benefits by providing operational simplicity. In essence, Kraken takes on the responsibilities related to infrastructure, custody, and settlement, which frees up partners to concentrate on their core objectives. Moreover, they benefit from direct access to Kraken’s global liquidity, ensuring reliable execution of trades at scale.
Reasons to consider Kraken Embed include, but are not limited to, the speed at which it lets you enter the crypto market, its compliance-first architecture, and a scalable service ready for future expansions. Users can keep their clients engaged without having them leave the app, which helps mitigate user drop-off.
In conclusion, Kraken boasts a secure and regulated platform, now at the disposal of financial institutions wanting to step into the crypto world. With Kraken Embed, these organisations can bring crypto trading to their market faster while fulfilling compliance needs, all without the hassle of constructing their in-house infrastructure from the ground up.
Get Started: If this sounds like something you want to explore further, contacting a member of Kraken’s team might be the next best step to develop a secure and compliant crypto trading experience without the technical burden.
