On July 17, the cryptocurrency exchange Kraken
$263M
The new service, launched under Kraken Derivatives US, lets American customers trade Bitcoin
These trades can be made alongside regular spot crypto trading through Kraken Pro, which allows users to manage both in one place. This is the first time Kraken has offered futures trading that follows US regulations.
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Kraken’s Head of Exchange, Shannon Kurtas, stated that Kraken Derivatives US helps give traders more access to different parts of the crypto market, while staying within official rules and using systems built for heavy trading activity.
Kraken has been preparing for this new product since March, when it acquired NinjaTrader, a trading platform known among retail investors for futures and currency trading. That purchase gave Kraken the licenses and regulatory framework it needed to offer US-compliant derivatives.
Since then, the exchange has integrated NinjaTrader’s systems with its own to make this launch possible.
Kraken is now competing with other major players like Coinbase
$1.54B
The crypto exchange Coinbase recently rebranded its Coinbase Wallet as the Base app. What does it offer? Read the full story.
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