PANews reported on May 1 that according to Finance Feeds, the crypto exchange Kraken launched the crypto-as-a-service product Kraken Embed, which enables financial institutions to provide digital asset trading services to customers without having to build their own trading systems. The product supports more than 370 digital assets, and European digital bank bunq became the first integrated partner. Brett McLain, head of Kraken's payment and blockchain business, said that the solution can help financial institutions conduct crypto business in compliance within a few weeks while avoiding the complexity of operating their own exchanges. At present, the service has complied with the requirements of the EU MiCA and other regulatory frameworks, and more partners are expected to be connected in succession.