PANews reported on June 3 that according to The Block, the crypto exchange Kraken officially launched the institutional-grade prime broker service Kraken Prime, providing institutional clients with a one-stop solution for trading, custody and financing. The platform integrates liquidity covering 90% of the digital asset market, supports 24/7 trading in more than 20 trading venues, and is equipped with a dedicated customer support team. Kraken co-CEO David Ripley said that the service is designed to meet the requirements of institutional investors for execution quality and service depth. Through its US licensed banking entity Kraken Financial, customers can execute transactions directly from qualified custody accounts. The platform also provides services such as asset-backed lending and T+1 credit lines.