According to Foresight News, the institutional business unit of cryptocurrency exchange Kraken has begun to provide custody services to customers in the UK and Australia. Kraken Institutional is designed for users such as hedge funds and exchange-traded fund issuers and was launched in the United States by the San Francisco-based company in March. The private company expects to expand its services to more regions, such as the European Union, Switzerland, the Cayman Islands and the British Virgin Islands.