Kraken has expanded its institutional-grade custody service, Kraken Custody, to the UK and Australia

ChainCatcher news, Kraken Institutional stated in a blog post that it has expanded its Kraken Custody service to institutional clients in the UK and Australia. The blog post mentioned that Kraken Institutional already has a strong presence in the UK and Australia, and with this new expansion, the crypto custody product will provide solutions focused on security and customer service for clients there.

Tim Ogilvie, Global Head of Kraken Institutional, stated that Kraken will not stop at the UK and Australia and plans to expand its global business by entering other markets, including the EU, Switzerland, the Cayman Islands, and the British Virgin Islands.