7 hours ago
Crypto speech Kraken connected Tuesday debuted its U.S.-regulated crypto derivatives trading level arsenic it eyes enlargement into a broader acceptable of plus classes.
Dubbed Kraken Derivatives US, the marketplace integrates futures trading with spot crypto markets, giving traders a azygous interface to negociate borderline and risk. The work allows for instant collateral transportation betwixt spot and futures positions.
The offering archetypal went unrecorded successful Vermont, West Virginia, North Dakota, Mississippi and District of Columbia, with much states to beryllium added, the speech said successful an X post.
The steadfast besides shared plans successful a property merchandise astir expanding its derivatives offering to a wider array of plus classes aboriginal this year, including commodities, fixed income, FX and equity futures.
The debut comes arsenic crypto exchanges are racing towards offering a unified marketplace crossed plus classes arsenic contention with integer brokers and accepted trading venues is heating up.
To bash so, Kraken acquired a CFTC-licensed futures trading level NinjaTrader for $1.5 cardinal earlier this year. Rival speech Coinbase acquired options trading marketplace Deribit and launched perpetual-style futures regulated by CFTC successful the U.S. Meanwhile, integer trading level Robinhood bought regulated crypto speech Bitstamp.
Kraken besides precocious introduced tokenized banal trading done the xStocks Alliance.
Read more: Backed Finance Debuts Tokenized Stocks connected Bybit, Kraken and Solana DeFi Protocols
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