Kraken and DLT Finance have formed a strategic alliance to expand crypto offerings in Germany. This collaboration will leverage DLT Finance’s infrastructure to provide secure and compliant transactions for German clients.
Kraken, a prominent cryptocurrency exchange, has officially announced a strategic partnership with DLT Finance to expand its crypto product offerings in Germany. This initiative marks a significant step in Kraken’s efforts to deepen its footprint in the European market.
Scheduled to start on July 10, 2024, this collaboration will see Kraken providing German clients access to a variety of innovative crypto products. The partnership leverages DLT Finance’s expertise and infrastructure, including its subsidiaries DLT Securities GmbH and DLT Custody GmbH, both licensed by BaFin.
David Ripley, CEO of Kraken, emphasized the importance of collaboration with industry-leading partners to accelerate the global adoption of cryptocurrencies. He stated that with over 5% of Germans already owning crypto assets, Kraken’s innovative product suite and excellent local language client service support will be attractive to prospective clients as crypto becomes more mainstream in Europe.
Max Burger, Ecosystem Development Lead at Cryptocity Network, highlighted the significant advancement this partnership represents for the European cryptocurrency market, particularly for crypto-friendly nations like Germany. He noted that Germany’s position as the third-largest economy in the world gives it the potential to lead in the widespread adoption of cryptocurrencies.
