Kraken has integrated its over-the-counter (OTC) trading desk with ICE Chat, bringing the liquidity of its spot cryptocurrencies and options into a messaging platform widely used by institutional traders.
The move places Kraken’s OTC services directly into an existing communications tool for trading desks in major financial centers, aimed at streamlining access to digital assets within established workflows.
The integration allows more than 120,000 ICE Chat customers to connect directly to Kraken’s OTC desk through the same real-time messaging environment they already use to communicate across global markets. Traders can now contact the Kraken team from ICE Chat to discuss and execute OTC trades in the crypto spot and options markets.
“ICE Chat was designed specifically to meet the personalized needs of traders, and with sophisticated features like AI-powered intelligent text recognition, which turns text into actionable data, businesses using Kraken can communicate using instant, always-on connectivity, in an easy-to-access, fully compliant environment. commented Maurisa Baumann, Head of ICE’s Global Data Delivery Platforms.
ICE chat features and future expansion plans
ICE operates ICE Chat as part of its broader technology and data offering. The platform supports permanent, real-time connectivity between trading companies and includes tools that seek to align communications with market and regulatory expectations.
Kraken also said it plans to expand ICE Chat integration over time with additional initiatives, reflecting what it sees as the growing integration of digital assets into established financial markets workflows.
Kraken has recently targeted established institutional markets. Kraken-backed xStocks recently went live on 360X, allowing Deutsche Börse Group customers to access tokenized versions of major actions on a regulated secondary trading platform, and marking the product’s first significant milestone under the partnership announced in December.
It allows 360X users to trade five xStocks instruments for stablecoins. It expanded institutional access to the xStocks standard and aims to support further growth in trading volumes and unique holders.
Meanwhile, institutional markets are interested in market forecasts. Intercontinental Exchange recently launched the Polymarket Signals and Sentiment tool to provide forecast market data and analysis to professional and institutional investors.
Under the new offering, ICE will act as the exclusive distributor of Polymarket data for institutional capital markets. Polymarket operates one of the largest forecasting markets, including contracts related to financial and commodities themes, allowing structured institutions to access this emerging data source.
