Latest news with #DavidRipley
Business Wire
03-06-2025
- Business
- Business Wire
Introducing Kraken Prime: A Full-Service Prime Brokerage for Institutional Crypto Clients
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, one of the longest-standing, most liquid and secure cryptocurrency platforms, today announced the launch of Kraken Prime, a full-service prime brokerage solution purpose-built to offer institutional investors seamless access to trading, custody and financing through a unified platform. With Kraken Prime, institutional clients gain access to deep, multi-venue liquidity, sophisticated trading tools and high-touch client service, consolidated into a single, streamlined interface. The launch marks a strategic milestone as Kraken strengthens its position to meet growing institutional demand with the performance, reliability and compliance standards expected of a traditional prime broker. 'Kraken Prime is built to meet the execution quality and service expectations of today's institutional investors,' said David Ripley, co-CEO of Kraken. 'Our infrastructure has been battle-tested across several market cycles, and with Kraken Prime, we're channeling that robustness and unmatched expertise into a premium experience tailor-made for institutions.' Kraken Prime launches at a pivotal moment. A broader range of institutions, including asset managers, hedge funds and corporates is coming to crypto as regulatory clarity improves and market infrastructure matures. These entities require partners that offer both technical sophistication, institutional-grade compliance and dedicated 24/7 support in order to engage more deeply in the digital asset space. Kraken Prime has been built from the ground up to meet those needs. Clients gain access to liquidity representing over 90% of the digital asset market across more than 20 global venues, with round-the-clock support from an experienced account management team. Trades can be executed directly from qualified custody managed by Kraken Financial, a US state-charted bank. The platform also supports asset-backed lending, T+1 credit facilities and a seamless integration with both on- and off-platform liquidity through an in-house smart order routing system. 'Kraken Prime enters the market with a clear mandate: deliver execution quality, service depth and institutional rigor that not only meet but exceed what traditional finance expects,' continued Ripley. 'Kraken Prime's edge lies in prioritizing quality, reliability and consistency, which are especially critical in volatile markets. We may not be the first to market but we're setting the bar for institutional crypto.' Kraken Prime is now available to eligible institutional clients. The platform is SOC 2 Type I and ISO/IEC 27001 certified, underscoring Kraken's commitment to security, compliance, and operational excellence. To learn more or request access, please visit About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via For more information about Kraken, please visit
Associated Press
03-06-2025
- Business
- Associated Press
Introducing Kraken Prime: A Full-Service Prime Brokerage for Institutional Crypto Clients
CHEYENNE, Wyo.--(BUSINESS WIRE)--Jun 3, 2025-- Kraken, one of the longest-standing, most liquid and secure cryptocurrency platforms, today announced the launch of Kraken Prime, a full-service prime brokerage solution purpose-built to offer institutional investors seamless access to trading, custody and financing through a unified platform. With Kraken Prime, institutional clients gain access to deep, multi-venue liquidity, sophisticated trading tools and high-touch client service, consolidated into a single, streamlined interface. The launch marks a strategic milestone as Kraken strengthens its position to meet growing institutional demand with the performance, reliability and compliance standards expected of a traditional prime broker. 'Kraken Prime is built to meet the execution quality and service expectations of today's institutional investors,' said David Ripley, co-CEO of Kraken. 'Our infrastructure has been battle-tested across several market cycles, and with Kraken Prime, we're channeling that robustness and unmatched expertise into a premium experience tailor-made for institutions.' Kraken Prime launches at a pivotal moment. A broader range of institutions, including asset managers, hedge funds and corporates is coming to crypto as regulatory clarity improves and market infrastructure matures. These entities require partners that offer both technical sophistication, institutional-grade compliance and dedicated 24/7 support in order to engage more deeply in the digital asset space. Kraken Prime has been built from the ground up to meet those needs. Clients gain access to liquidity representing over 90% of the digital asset market across more than 20 global venues, with round-the-clock support from an experienced account management team. Trades can be executed directly from qualified custody managed by Kraken Financial, a US state-charted bank. The platform also supports asset-backed lending, T+1 credit facilities and a seamless integration with both on- and off-platform liquidity through an in-house smart order routing system. 'Kraken Prime enters the market with a clear mandate: deliver execution quality, service depth and institutional rigor that not only meet but exceed what traditional finance expects,' continued Ripley. 'Kraken Prime's edge lies in prioritizing quality, reliability and consistency, which are especially critical in volatile markets. We may not be the first to market but we're setting the bar for institutional crypto.' Kraken Prime is now available to eligible institutional clients. The platform is SOC 2 Type I and ISO/IEC 27001 certified, underscoring Kraken's commitment to security, compliance, and operational excellence. To learn more or request access, please visit About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via For more information about Kraken, please visit View source version on CONTACT: PRESS CONTACT Lauren Post [email protected] KEYWORD: NORTH AMERICA UNITED STATES IRELAND UNITED KINGDOM EUROPE WYOMING INDUSTRY KEYWORD: APPS/APPLICATIONS TECHNOLOGY FINANCE FINTECH PROFESSIONAL SERVICES DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SOFTWARE INTERNET CRYPTOCURRENCY SOURCE: Kraken Copyright Business Wire 2025. PUB: 06/03/2025 09:00 AM/DISC: 06/03/2025 08:59 AM
Yahoo
26-03-2025
- Business
- Yahoo
Crypto Exchange Kraken Explores Up to $1 Billion Debt Package
(Bloomberg) -- Crypto exchange Kraken is exploring raising as much as $1 billion in debt ahead of a potential initial public offering, according to people with knowledge of the matter. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Libraries Warn They Could Be 'Cut off at the Knees' by DOGE The company is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the effort, which is at a preliminary stage, said the people, who asked not to be identified discussing confidential information. The two banks have begun conversations with additional banks and direct lenders, the people said. Any debt raised is set to help fuel the company's growth and isn't for operational needs, and as little as $200 million could be raised, one of the people said. Kraken is also considering raising equity in addition to the debt package, said one of the people. No final decisions have been made, and terms, including the size of the capital raise, may still change. Representatives for Kraken, Goldman and JPMorgan declined to comment. San Francisco-based Kraken, founded in 2011, is led by co-Chief Executive Officers Arjun Sethi and David Ripley. Known officially as Payward Inc., Kraken is readying plans to go public as soon as the first quarter of next year, amid a friendlier US regulatory climate under President Donald Trump, Bloomberg News has reported. Last week, the company agreed to buy retail futures trading platform NinjaTrader for $1.5 billion, and has previously held discussions about raising pre-IPO funding. In January, the company disclosed 2024 revenue of $1.5 billion, up 128% from a year earlier, and $380 million in adjusted earnings before interest, taxes, depreciation and amortization. Kraken works with more than 10 million users in over 190 countries, and processes quarterly trading volume in excess of $207 billion, its website shows. A New 'China Shock' Is Destroying Jobs Around the World The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? How TD Became America's Most Convenient Bank for Money Launderers Google Is Searching for an Answer to ChatGPT Tesla's Gamble on MAGA Customers Won't Work ©2025 Bloomberg L.P.
