Cryptocurrency platform Kraken
$603.06M
introduced futures trading to its United States clientele on July 17, using a fully compliant and regulated environment.
Through its subsidiary, Kraken Derivatives US, the company now enables American traders to engage with futures contracts tied to Bitcoin
Accessible through Kraken Pro, the new functionality streamlines trading, enabling users to manage both standard cryptocurrency transactions and futures positions in a single interface. This represents Kraken’s inaugural offering of futures trading within a compliant US regulatory framework.
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Shannon Kurtas, the Head of Exchange at Kraken, explained that Kraken Derivatives US broadens the scope of trading opportunities in the cryptocurrency space for its users while adhering to regulatory standards and leveraging systems designed for high-volume activity.
The groundwork for this offering was laid in March, when Kraken
acquired NinjaTrader, a renowned trading platform particularly used for futures and foreign exchange trading. This acquisition provided Kraken with crucial licenses and the necessary regulatory structure to introduce compliant derivatives within the US market.
Since the acquisition, Kraken has integrated NinjaTrader’s infrastructure with its own platform, paving the way for this launch.
Kraken now enters a competitive landscape against industry giants such as Coinbase
$3.06B
and CME Group, both of which already feature crypto derivatives in their regulated offerings.
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