Kraken, a global leader in cryptocurrency services, is intensifying its European market presence through a strategic partnership with DLT Finance, aiming to boost its product offerings in Germany, a critical locale for crypto adoption in Europe. Slated to begin around July 10, 2024, this collaboration will provide German clients with access to innovative crypto products, leveraging DLT Finance's local expertise and infrastructure.
DLT Finance, under the BaFin-regulated entities DLT Securities GmbH and DLT Custody GmbH, specializes in digital asset prime brokerage and crypto custody services. This partnership aligns with Kraken’s mission to expedite global crypto adoption and is expected to appeal to the over 5% of Germans currently holding cryptoassets.
The announcement underscores Kraken's commitment to expanding its presence across Europe, following significant regulatory milestones in Ireland, Italy, Spain, Belgium, and the Netherlands. This move is part of Kraken’s broader strategy to comply with emerging European regulations and cater to the growing demand for secure and compliant crypto services.
Source: Kraken
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