Kraken OTC desk connects to the ICE chat system, becoming the first approved cryptocurrency platform to do so

According to Cointelegraph, the American cryptocurrency exchange platform Kraken has announced that its over-the-counter trading desk has officially integrated with the ICE Chat messaging platform under the Intercontinental Exchange. This means that over 120,000 users from banks, brokers, and trading institutions in the global financial market can directly communicate with Kraken's OTC team and access cryptocurrency liquidity within their existing trading workflows.

Kraken stated that it is the first cryptocurrency platform authorized to access ICE Chat, marking a further embedding of digital asset trading into the infrastructure of traditional financial markets.

ICE owns the New York Stock Exchange and provides data, clearing, and technology services for global financial markets. Over the past year, ICE has continued to invest in the digital asset space, including investments in the prediction market Polymarket and the cryptocurrency payment company MoonPay, as well as collaborating with Chainlink to bring foreign exchange and precious metals data on-chain.

With this integration, Kraken's cryptocurrency spot and options block trading will be alongside traditional asset categories such as stocks and derivatives within institutional-grade communication networks.