Kraken Unveils ’Embed’ Crypto-as-a-Service Platform for Banks and FinTech

Kraken, a leading cryptocurrency exchange, has launched Kraken Embed, a turnkey Crypto-as-a-Service (CaaS) solution designed for financial institutions. Announced on April 30, 2025, this innovative platform allows banks and FinTech companies to integrate digital asset services seamlessly into their existing systems without the need for extensive in-house development. Leveraging Kraken’s robust regulatory licenses, deep liquidity, and advanced security infrastructure, Kraken Embed aims to bridge the gap between traditional finance and the burgeoning crypto economy. This move underscores Kraken’s commitment to expanding institutional adoption of digital assets while providing a compliant and user-friendly gateway for financial service providers. The launch comes at a pivotal time as demand for crypto integration grows among mainstream financial players.

Kraken Launches ‘Embed’ Crypto-as-a-Service Solution for Financial Institutions

Kraken, the prominent cryptocurrency exchange, has introduced Kraken Embed, a turnkey Crypto-as-a-Service (CaaS) platform aimed at banks and FinTech firms. The solution, launched on April 30, 2025, enables seamless integration of digital asset services into existing financial platforms without the need for in-house development.

By leveraging Kraken’s regulatory licenses, liquidity, and security infrastructure, institutions can now offer trading across hundreds of cryptocurrencies through modular APIs. This move signals accelerating institutional adoption of crypto, with Kraken positioning itself as a backbone for traditional finance’s digital asset ambitions.

Kraken Reports 19% Revenue Growth in Q1 2025 Amid Crypto Market Softness

Kraken’s revenue climbed to $472 million in the first quarter, marking a 19% year-over-year increase despite broader market headwinds. The exchange’s adjusted EBITDA rose 17% to $187 million, demonstrating resilient profitability.

Trading volume surged 29% annually, supported by a 26% expansion in funded accounts. Platform assets dipped 2% to $34.9 billion, a decline Kraken attributes to valuation changes rather than outflows.

The quarter’s defining development was Kraken’s acquisition of NinjaTrader, creating the largest-ever bridge between traditional finance and crypto markets. This strategic move significantly expands Kraken’s derivatives capabilities and retail market reach.