Kraken Launches New Colocation Service

Kraken, a cryptocurrency exchange, has announced the launch of its new colocation service designed for clients requiring ultra-fast execution. This service aims to improve trading performance and scalability while providing fair and transparent access to Kraken’s global crypto markets.

In addition, Kraken has received approval from the UK’s Financial Conduct Authority (FCA) for an Electronic Money Institution (EMI) license, enabling Kraken to issue electronic money and offer quicker deposit and withdrawal options for UK clients.

Kraken Partners with Beeks for Low-Latency Services

“Kraken has spent over a decade continuously enhancing our infrastructure and technology, and this is the next step in that evolution,” said Shannon Kurtas, Head of Exchange at Kraken.

Later this year, Kraken will provide ultra-low latency trading from its European data center. Clients can rent cloud computing services from Beeks, a provider of low-latency solutions. Those with specific technical needs may also install physical hardware at Kraken’s data center for direct access to colocation services.

“By working with Beeks, we’re facilitating even lower latency, more efficient price discovery, and deeper liquidity for all of Kraken’s spot and derivative markets,” Kurtas added.

Kraken allows clients to trade over 300 digital assets and six national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. The colocation services will offer low-latency benefits to clients using Beeks Exchange Cloud, with traders in London expected to experience sub-millisecond latency. These services are set to be available later this year.