Kraken is announcing that they are now expanding their trading and investing services in Colombia via the activation of local payment rails. Kraken explained in a blog post that the introduction of COP funding reflects their continued investment in building infrastructure enabling individuals to have access to crypto across the globe.
With local payment integration live, clients based in Colombia are able to deposit COP directly through domestic payment methods.
Kraken also mentioned that deposits are automatically “converted to USD at transparent exchange rates – eliminating the need for international wire transfers and streamlining the overall user experience.”
Kraken pointed out that crypto adoption in Colombia continues to grow, driven by financial digitization, interest in stablecoins, and demand for cross-border remittance options.
Kraken’s local funding support aim to lower “onboarding friction and brings institutional-grade infrastructure to one of the region’s active digital asset communities.”
This milestone is part of Kraken’s strategy to scale its presence across Latin America, beginning with infrastructure in markets such as Argentina, Mexico, and Colombia.
This rollout positions Kraken to support a range of Colombian clients –from first-time crypto participants to experienced traders.
In another update, it was revealed that Kraken and Deutsche Börse entered a partnership to bridge traditional and digital markets
Combining infrastructure with crypto-native expertise to deliver institutional access, the partnership encompasses “regulated crypto, tokenized markets and derivatives, as well as liquidity for institutional clients across geographies.”
The two firms will leverage their capabilities “to bridge traditional financial markets and the digital asset economy.”
Including trading, custody, settlement, collateral management and tokenized assets, the partnership will unlock a “range of products and services that deliver access to both ecosystems, creating a holistic experience.”
In the initial phase of the partnership, Kraken will integrate with 360T, a Deutsche Börse Group subsidiary and one of the world’s foreign-exchange trading venues.
The integration gives Kraken clients access to FX liquidity through one of the pools available, improving fiat on- and off-ramp efficiency.
The partnership will leverage Kraken Embed to expand crypto access across Deutsche Börse Group’s network.
The companies will develop white-label solutions enabling banks, fintechs, and other FIs to offer crypto trading and custody services to clients across Europe and the United States.
Subject to regulatory approvals, the companies plan to make Eurex-listed derivatives available to trade on Kraken, “broadening access to Europe’s regulated futures and options marketplace.”
The collab will allow Deutsche Börse Group clients to trade cryptocurrencies and derivatives via Crypto Finance, as well as “through Kraken to service enhanced end-client models, while leveraging Clearstream and Crypto Finance, both Deutsche Börse Group subsidiaries, for custody.”
Kraken and Deutsche Börse Group will also work to integrate xStocks within 360X’s ecosystem, expanding the reach of one of the “adopted tokenized equity standards globally.”
Deutsche Börse Group and Kraken will work to “enable the distribution of securities held in custody at Clearstream in a tokenized form to Kraken’s client base.”
The partnership establishes a framework for geographical access: Kraken will offer its U.S. capabilities to Deutsche Börse Group’s institutional clients seeking exposure “to crypto and tokenized assets, while Deutsche Börse Group will provide its European infrastructure and services to Kraken’s global client base.”
This two-way integration underscores the vision “to connect traditional and digital markets.”