According to ChainCatcher, Kraken Institutional said in a blog post that it has expanded its Kraken Custody service to institutional clients in the UK and Australia. The blog post said that Kraken Institutional already has a strong presence in the UK and Australia, and with the new expansion, the crypto custody product will provide clients there with solutions focused on security and customer service.

Kraken Institutional Global Head Tim Ogilvie said that Kraken will not stop in the UK and Australia, and plans to expand its global business by expanding to other markets, including the EU, Switzerland, the Cayman Islands and the British Virgin Islands.