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Kraken Launches Embed, a Crypto-as-a-Service Enabling Banks and Fintechs to Provide Clients Seamless Access to Crypto

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Kraken Launches Embed, a Crypto-as-a-Service Enabling Banks and Fintechs to Provide Clients Seamless Access to Crypto
News

News

Kraken Launches Embed, a Crypto-as-a-Service Enabling Banks and Fintechs to Provide Clients Seamless Access to Crypto

2025-04-30 17:59 Last Updated At:18:21

CHEYENNE, Wyo.--(BUSINESS WIRE)--Apr 30, 2025--

Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, today announced the launch of Kraken Embed, a new Crypto-as-a-Service (CaaS) solution for neobanks, fintechs, traditional banks to seamlessly provide clients with direct access to cryptocurrency.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429878133/en/

Kraken Embed significantly simplifies operational and infrastructure requirements, enabling financial institutions to make regulated crypto trading available to their customers without extensive in-house expertise in a matter of weeks. Using Kraken Embed, institutions benefit from the exchange's proven market experience, robust liquidity and industry-leading infrastructure.

Kraken has already demonstrated Embed’s real-world impact with its first public integration partner, bunq, one of Europe's leading neobanks.

“Kraken is a global leader in crypto, with over 15 years of experience operating one of the world’s most liquid crypto marketplaces,” said Brett McLain, Head of Payments and Blockchain at Kraken. “Our Crypto-as-a-Service solution enables a wide range of financial institutions to efficiently meet growing client demand without the complexity and overhead of running their own marketplace.”

Kraken has played a central role in cryptocurrency trading since 2011, supporting trading across more than 370 digital assets and consistently ranking among the most liquid crypto exchanges globally. Leveraging Kraken’s liquidity, technical capabilities and market know-how, Embed enables institutions to swiftly launch competitive crypto offerings to address increasing demand from their clients.

“Through Embed, Kraken is extending its deep expertise to institutions seeking a reliable, compliant and frictionless entrypoint into crypto,” added McLain. “Our goal is to empower banks and fintechs globally to adapt and thrive as crypto continues to gain mainstream adoption.”

The launch of Kraken Embed strategically aligns with accelerating global crypto adoption trends, particularly in Europe, where enhanced regulatory clarity under frameworks such as MiCA are driving significant market growth and activity. Kraken’s robust technical and regulatory infrastructure makes it a trusted partner for financial institutions entering the crypto market.

Kraken recently announced its first public CaaS integration with bunq, with additional partnerships expected to come online in the near future. For more information, please visit here.

About Kraken

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 300 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. With millions of individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps.

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

Kraken Launches Embed, a Crypto-as-a-Service Enabling Banks and Fintechs to Provide Clients Seamless Access to Crypto

Kraken Launches Embed, a Crypto-as-a-Service Enabling Banks and Fintechs to Provide Clients Seamless Access to Crypto

SALT LAKE CITY (AP) — Keyonte George scored 31 points and hit a floater in the lane with 2.1 seconds remaining as the Utah Jazz snapped a four-game losing streak with a 131-129 win over the Detroit Pistons on Friday night.

Cade Cunningham, who had 29 points and 17 assists, missed a contested shot at the buzzer and then had a long conversation with the officials before leaving the court. Cunningham had a personal-best 13 assists in the first half.

Lauri Markkanen scored 30 points and Brice Sensabaugh equaled his season high of 20 points filling in for Ace Bailey, who missed the second half with a hip injury.

Tobias Harris had 16 points for the Pistons, who lost for just the second time in their last nine games despite shooting 52.2% from the field and making 18 of 37 from 3-point range.

George stole a backcourt pass and threw down a breakaway dunk to give the Jazz a 129-125 lead with 1:14 remaining. Caris LaVert blocked George and Cunningham stole the ball. Cunningham's free throws tied the game at 129-129.

Utah's largest lead came with 2:34 left in the third quarter, 104-89, after Kevin Love's three free throws. Love had 11 in the period as the Jazz outscored the usually stingy Pistons 44-35.

Detroit rallied in the fourth quarter but couldn't stop George on the decisive possession.

The Eastern Conference-leading Pistons have the second-best defensive rating in the league behind Oklahoma City, but they had a difficult time staying with Markkanen and George as they ran off multiple screens.

The Jazz have yielded an average of 134.4 points in their last five games but had a block, three steals and some pressure defense down the stretch to clinch the win.

Pistons: At the Los Angeles Clippers on Sunday as they continue their nine-day road trip.

Jazz: At San Antonio on Saturday.

AP NBA: https://apnews.com/nba

Detroit Pistons forward Ronald Holland II (5) shoots over Utah Jazz forward Brice Sensabaugh (28) during the first half of an NBA basketball game Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Detroit Pistons forward Ronald Holland II (5) shoots over Utah Jazz forward Brice Sensabaugh (28) during the first half of an NBA basketball game Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Utah Jazz forward Lauri Markkanen, left, shoots over Detroit Pistons guard Cade Cunningham (2) during the first half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Utah Jazz forward Lauri Markkanen, left, shoots over Detroit Pistons guard Cade Cunningham (2) during the first half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Detroit Pistons guard Cade Cunningham (2) drives to the basket past the defense of Utah Jazz guard Keyonte George, center rear, during the first half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Detroit Pistons guard Cade Cunningham (2) drives to the basket past the defense of Utah Jazz guard Keyonte George, center rear, during the first half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Utah Jazz guard Keyonte George (3) shoots over Detroit Pistons guard Ausar Thompson (9) during the second half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

Utah Jazz guard Keyonte George (3) shoots over Detroit Pistons guard Ausar Thompson (9) during the second half of an NBA basketball game, Friday, Dec. 26, 2025, in Salt Lake City. (AP Photo/Tyler Tate)

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