The fall of the FTX crypto exchange and the recent regulatory crackdown by the U.S. Securities and Exchange Commision (SEC) hasn’t deterred institutional interest in crypto, said Kraken’s head of over-the-counter (OTC) options trading, Juthica Chou.

She said the crypto exchange is working with different clients “who are trying to gain directional exposure,” and who see that there are “possible assets with opportunities both for short- and long-term investments.”

Earlier this month, the SEC charged San Francisco-based Kraken with allegedly selling unregistered securities via its staking-as-a-service platform. The agency ordered Kraken to “immediately” close down its staking service to U.S. customers. Shortly after, Kraken’s two registered companies, Payward Ventures, Inc. and Paywayrd Trading Ltd., agreed to settle the $30 million fine issued by the SEC.