Kraken OTC Breaks Ground with ICE Chat Integration
Kraken has announced that its over-the-counter (OTC) trading desk is now fully integrated with ICE Chat, a leading communication platform operated by Intercontinental Exchange (ICE). This marks the first time a cryptocurrency platform has gained access to this widely used institutional messaging network.
ICE Chat serves over 120,000 users across banks, brokerages, and trading institutions worldwide. With this integration, Kraken’s OTC team can now deliver real-time crypto liquidity and support directly within existing trading workflows used by institutional traders.
Connecting Crypto to Traditional Finance
- ICE operates the New York Stock Exchange and provides data, clearing, and technology services to global financial markets.
- In recent years, ICE has been actively expanding into digital assets, investing in blockchain-based platforms and partnering with crypto tech firms.
- Kraken’s integration places crypto spot and options trades alongside equities and derivatives on a major institutional communication channel for the first time.
Analysts say this milestone reflects the growing acceptance of crypto as a legitimate asset class and sets the stage for deeper institutional adoption in the years ahead.