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Kraken has launched Kraken Prime, a full-service prime brokerage platform designed for institutional cryptocurrency clients, offering trading, custody, and financing solutions. Concurrently, a Kraken-backed startup, Rails, has emerged from stealth mode to launch a hybrid perpetual crypto exchange that combines the speed of centralized exchanges with the self-custodial benefits and transparency of decentralized platforms. Rails recently completed a $14 million private token sale funding round, with participation from Kraken Ventures, Slow Ventures, CMCC Global, Quantstamp, and R13 Ventures. The exchange was founded by Satraj Bambra, a crypto-native builder, and Ryan Marini, former COO of Grindr.
Self-custodial crypto exchange @rails_xyz raised $14M in a funding round from @krakenventures, @slow, @CMCC_Global, @Quantstamp, @r13vc. https://t.co/o6H9dhpNjK https://t.co/E5gmlW1he4
Rails $14M Private Token Sale Round⚡️ 📑 About: @rails_xyz is a self-custodial crypto exchange that utilizes a centralized order book for optimal trade execution. 🤝 Investors: @slow, @Quantstamp, @CMCC_Global, @r13vc, and @krakenfx 👉 https://t.co/CWQh3fmYcr https://t.co/QamcYhWuUD
After nearly two years in stealth, @rails_xyz is now live: A hybrid perpetual exchange that gives pro traders the speed of a CEX without giving up custody or transparency. Founded by Satraj Bambra (crypto-native builder) and @rmarini (Ex-Grindr COO). https://t.co/BBvvsqacwM