Kraken Integrates with ICE Chat to Expand Institutional OTC Access

Key Terms

otc desk financial

An OTC desk is a trading service that matches buyers and sellers directly for securities, derivatives, or cryptocurrencies outside formal public exchanges. Think of it as a private counter where large or sensitive trades are negotiated to avoid moving market prices; this matters to investors because OTC trades can provide better execution, privacy and customized terms but also carry less price transparency and greater counterparty risk than exchange trades.

ai-powered smart text recognition technical

A technology that uses artificial intelligence to read, extract and interpret written text from documents, images or transcripts, turning unstructured words into searchable, summarized data. Think of it as a smart assistant that not only reads mail but highlights what matters, flags key numbers or risks, and summarizes themes. For investors it speeds research, reduces manual errors, helps surface material information quickly, and supports faster, more informed decisions.

digital asset class financial

A digital asset class is a category of investments that exist primarily in electronic form—such as cryptocurrencies, tokenized securities, and digital collectibles—whose value and ownership are recorded on computer networks. It matters to investors because it behaves differently from traditional stocks or bonds: it can offer new sources of return, diversification, and liquidity but also brings higher volatility, unique custody needs and regulatory uncertainty, like adding a new flavor to an existing pantry of investments.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Integration embeds Kraken’s OTC desk directly into the workflows of traders worldwide

CHEYENNE, Wyo.--(BUSINESS WIRE)-- Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, has successfully connected with ICE Chat, the industry-leading instant messaging system operated by Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data.

From today, ICE Chat’s extensive network of over 120,000 clients will be able to connect directly with Kraken’s OTC desk through the same real-time communications environment used by traders across global markets. The integration enables communication between institutional trading desks across major financial centers with a view to accessing Kraken’s deep liquidity across crypto spot and options markets.

Gurpreet Oberoi, Head of Kraken Institutional, said: “This integration opens a direct line into core institutional workflows, enabling traders to engage with our OTC desk’s expertise and execution in the digital asset class through a familiar interface. By meeting clients where they already operate, we reduce operational friction and onboarding overhead while expanding access to Kraken’s institutional liquidity.”

“ICE Chat was designed specifically to match the custom needs of traders, and with sophisticated functionality like AI-powered Smart Text Recognition, which turns texts into actionable data, firms using Kraken can communicate using always-on, instantaneous connectivity, in an easy-to-access, fully compliant environment,” said Maurisa Baumann, Head of Global Data Delivery Platforms at ICE. “We’re pleased to work with Kraken as they connect their crypto market liquidity with ICE Chat, which has become one of the largest networks in the financial industry.”

Kraken’s OTC desk has seen continued growth as the convergence between traditional finance and the digital asset class accelerates. As the first cryptocurrency platform approved to connect to ICE Chat, Kraken continues to focus on serving institutional clients with infrastructure aligned to the compliance, security and operational expectations of global financial markets.

Kraken and ICE expect to constructively expand this integration across additional initiatives over time, reflecting the increasing integration of digital assets into established financial market workflows.

For more information, please visit https://www.kraken.com/institutions/otc

About Kraken

Founded in 2011, Kraken is one of the world’s longest-standing and most secure crypto platforms globally. Kraken clients trade more than 600 digital assets, traditional assets such as U.S. futures and U.S.-listed stocks and ETFs, and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Trusted by millions of institutions, professional traders and consumers, Kraken is one of the fastest, most liquid and performant trading platforms available.

Kraken’s suite of products and services includes the Kraken App, Kraken Pro, the Krak App, Kraken Institutional, Kraken’s onchain offerings and the Ninja Trader retail trading platform. Across these offerings, clients can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.

Kraken has set the industry standard for transparency and client trust, and it was the first crypto platform to conduct Proof of Reserves. It complies with regulations and laws applicable to its business, while actively protecting client privacy and maintaining the highest security standards.

For more information about Kraken, please visit www.kraken.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217283584/en/

Media Contact
Lauren Post
press@kraken.com

Source: Kraken Institutional