Entering a new market of non-custodial funding

Kraken is entering a new market of non-custodial funding with the newly closed Glidera deal. During trading of fiat-to-Bitcoin through ACH transfers or other forms of payments, Glidera does not control or hold user funds. Thus, all funding processes are facilitated without the presence of a mediator.

Most if not all, Bitcoin exchanges have strict regulations and money transmission policies to comply with. Therefore, non-custodial settlement of Bitcoin trades is more difficult than other Bitcoin service providers.
The Cointelegraph