Kraken is set to launch a new custody service that will provide high-speed trading.

BlockBeats News, March 17th, cryptocurrency exchange platform Kraken plans to launch a new custody service in the coming weeks, providing clients with ultra-low latency trading.

Kraken stated that this service is aimed at clients requiring high-speed execution, with traders operating in London expected to experience less than a millisecond of latency. Shannon Kurtas, Head of Kraken's trading platform, stated at the press conference: "Many trading platforms offer custody services, but Kraken's approach is unique - we make this service available to all partners and clients, not just institutions."

The key to trading is speed, especially in such a volatile market as cryptocurrency, where a fraction of a second difference can make all the difference. Low-latency services leverage cutting-edge technology to provide traders with an advantage by enabling them to execute orders in less than a millisecond.