PANews reported on March 17 that according to CoinDesk, the crypto exchange Kraken announced that it will launch an ultra-low latency (colocation) trading service in the coming weeks, providing customers with millisecond-level trading execution speeds. The first batch of users can experience the service in the London data center. The service will be run through cloud computing technology provided by Beeks (BKS), a British listed company. Some customers can also choose to install physical hardware in the Kraken data center and directly access the hosting service.

Shannon Kurtas, director of Kraken Exchange, said that although many exchanges offer similar services, Kraken's solution is more fair and accessible, open to all customers, not just institutional investors. In addition, Kraken's liquidity partners, including brokers, exchanges and fintech companies, can also use the custody service.