US-based crypto trade Kraken has built-in its over-the-counter desk with Intercontinental Change’s ICE Chat, enabling institutional merchants to entry Kraken’s crypto liquidity immediately by way of a messaging platform extensively used throughout world monetary markets.
ICE Chat connects greater than 120,000 market contributors, together with banks, brokers and buying and selling desks that use the system for real-time deal negotiation and execution. The combination permits these shoppers to speak immediately with Kraken’s OTC desk inside their current buying and selling workflows.
Kraken said it’s the first cryptocurrency platform accepted to connect with ICE Chat, inserting its crypto liquidity alongside conventional asset lessons inside established institutional communications infrastructure.
The businesses added that they anticipate to broaden the combination over time, reflecting broader efforts to embed digital asset buying and selling into conventional monetary market programs.
Kraken’s OTC desk facilitates giant block trades in crypto spot and choices markets. Intercontinental Change, which operates ICE Chat and owns the New York Inventory Change, offers information, clearing and know-how providers to world monetary markets.
The information follows Kraken’s pledge on Monday to assist US President Donald Trump’s proposed “Trump Accounts,” a savings program for Americans under 18.
Associated: Kraken parent Payward revenues jump 33% as crypto traders pile in
ICE expands deeper into crypto and tokenized markets
Intercontinental Change has stepped up its involvement in digital asset markets over the previous 12 months, increasing past conventional trade infrastructure into blockchain information, prediction markets and crypto funds.
In August, ICE partnered with blockchain oracle provider Chainlink to convey overseas trade and valuable metals information onchain. The collaboration integrates ICE’s Consolidated Feed, which aggregates pricing information from greater than 300 world exchanges and marketplaces, into Chainlink’s Knowledge Streams.
In October, ICE invested $2 billion in crypto-based prediction market Polymarket, valuing the corporate at a reported $9 billion post-money. In December, ICE entered discussions to again crypto funds firm MoonPay in its newest funding spherical, which is reportedly in search of a $5 billion valuation, although the scale of ICE’s potential funding was not disclosed.
Each Nasdaq and the NYSE have additionally been making strikes in crypto not too long ago, notably the tokenization of equities.
In September, Nasdaq filed a request with the US Securities and Change Fee in search of approval to checklist tokenized shares by way of a proposed rule change.
In January, the NYSE announced plans to develop a 24/7 buying and selling platform for tokenized shares and ETFs, combining the trade’s Pillar matching engine with blockchain-based post-trade settlement programs, topic to regulatory approval.
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Cointelegraph by Nate Kostar Kraken Integrates OTC Desk with ICE Chat for Institutions cointelegraph.com 2026-02-17 19:03:45
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