Kraken launches' Embed 'service to assist financial institutions in providing regulated cryptocurrency trading

According to Finance Feeds, cryptocurrency exchange Kraken has launched its Crypto-as-a-Service product Kraken Embed, allowing financial institutions to provide digital asset trading services to customers without the need to build their own trading systems. This product supports over 370 digital assets, and the European digital bank Bunq has become the first integrated partner. Kraken's head of payments and blockchain business, Brett McLain, stated that this solution can help financial institutions comply with cryptocurrency regulations within weeks while avoiding the complexity of operating their own exchanges. At present, the service has met the requirements of regulatory frameworks such as the EU MiCA, and more partners are expected to gradually integrate.