Kraken's 2019 acquisition of CF Benchmarks has paid off handsomely in the Bitcoin ETF boom. BlackRock, Ark Invest,and other Wall Street giants use the venture's Bitcoin Reference Rate. Kraken is raking in licencing revenue as investors plough cash into ETFs.

CF Benchmarks has emerged as major provider of crypto indexes. Firm sees untapped Bitcoin ETF demand in South Korea, Israel.

As Bitcoin is about to undergo a reduction in new tokens created, that should reinforce its appeal to retail investors as “the soundest form of money,” according to Thomas Perfumo, head of strategy at crypto exchange Kraken.

Kraken Wallet lets users manage their NFTs, tokens and DeFi positions across eight blockchain networks. The firm published the app’s open-source code on GitHub so that third-party review strengthens the wallet’s security. 

Kraken Australia's Managing Director Jonathon Miller said institutional crypto demand is lagging in Australia, but stablecoins and the right policy moves could help it catch up.

Chief executive David Ripley formally took the reins of Kraken at the end of April 2023 and not long afterwards the company experienced one of the strongest quarters in its history.

Kraken UK MD Bivu Das said he would support the UK approving a bitcoin ETF. Currently, the UK is getting ready to allow institutional investors access to bitcoin ETNs — but retail users are banned from U.S.-based bitcoin ETFs.

Kraken Institutional operates under the exchange’s state-chartered banking license in Wyoming, attained back in 2020.