Story Highlights
- Kraken partners with DLT Finance to offer crypto products in Germany.
- The partnership leverages DLT’s expertise for secure entry into the German market.
- The crypto exchange’s European expansion reflects the commitment to growth and regulation.
Cryptocurrency exchange Kraken is making waves in Europe, announcing a strategic partnership with German firm DLT Finance to offer a treasure trove of innovative crypto products to German investors. This initiative, set to launch in July 2024, marks a significant turning point in Kraken’s European expansion strategy.
DLT Finance: The Key to Unlocking the German Crypto Market
The partnership hinges on DLT Finance’s expertise in digital asset prime brokerage and crypto custody. Being a subsidiary of BaFin-licensed entities, DLT Finance acts as a trusted navigator, ensuring secure and compliant transactions for German crypto users. This collaboration positions the crypto exchange to effectively serve the burgeoning German crypto market, where estimates suggest over 5% of the population already owns crypto assets.
Hallo Deutschland! 👋 🇩🇪
— Kraken Exchange (@krakenfx) May 6, 2024
We’re pleased to announce Kraken has entered into a strategic partnership with @DLTfinance to provide German clients with innovative crypto-asset products.
Read more about this collaboration👇 https://t.co/K99BoGtXF3 pic.twitter.com/p38ca6cJ1o
Partnership Fuels Kraken’s European Ambitions
David Ripley, CEO of Kraken, emphasizes the importance of partnerships in accelerating global crypto adoption. He highlights the attractiveness of the crypto exchange ‘s offerings, coupled with localized customer service, for potential German clients as crypto becomes an increasingly familiar player in European finance.
He mentioned, “Over 5% of Germans already own crypto assets, and we’re confident our innovative product suite – along with excellent local language client service support – will be attractive to prospective clients as crypto continues to become more mainstream across Europe.”
This strategic alliance aligns with the crypto exchange’s broader European aspirations, evidenced by their acquisition of Dutch crypto broker Coin Meester and their successful regulatory approvals across the continent, including an E-Money Institution authorization from the Central Bank of Ireland and Crypto Service Provider registration in the Netherlands. Kraken’s European expansion reflects a commitment to both growth and regulatory compliance, positioning them well to navigate the ever-evolving landscape of European crypto.
