Kraken launches US crypto derivatives platform in wake of NinjaTrader acquisition

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Crypto speech Kraken has launched a derivatives level for US traders, offering entree to CME-listed cryptocurrency futures and expanding the availability of institutional-grade trading tools.

On Tuesday, the speech announced the motorboat of Kraken Derivatives US, providing entree to futures contracts via the Kraken Pro platform. The determination expands Kraken’s merchandise suite by expanding futures trading alongside its existing spot marketplace offerings.

According to Kraken Pro, entree to Kraken Derivatives US has been rolled retired initially successful Vermont, West Virginia, North Dakota, Mississippi and Washington, D.C.

Kraken Derivatives US is regulated by the Commodity Futures Trading Commission (CFTC), pursuing Kraken’s $1.5 cardinal acquisition of NinjaTrader — 1 of the largest mergers successful crypto history.

Before the acquisition, NinjaTrader had built a beardown estimation arsenic a retail futures brokerage, specializing successful equity derivatives and offering entree to commodity markets.

When the woody closed successful May, Kraken said it planned to grow its offerings crossed some the Kraken and NinjaTrader platforms to see stocks, options and prediction markets.

Kraken remains 1 of the largest spot crypto exchanges successful the world, with regular volumes exceeding $1.7 cardinal arsenic of Tuesday, according to CoinMarketCap.

Crypto derivatives marketplace sees important enlargement arsenic DEX measurement grows

The crypto derivatives marketplace has grown substantially since CME Group and CBOE launched Bitcoin (BTC) futures contracts successful precocious 2017.

By 2025, full crypto derivatives measurement is expected to surpass $23 trillion, according to information from OKX.

Bitcoin derivatives person led this surge, with unfastened involvement exceeding $70 cardinal successful the archetypal fractional of the year. In contrast, Ether (ETH) and altcoins proceed to look “liquidity challenges,” OKX noted.

Within the derivatives market, perpetual contracts person experienced faster maturation than futures, according to CoinMarketCap data. Volumes connected perpetuals, which are contracts with nary expiration date, person grown by 150% implicit the past year.

Crypto derivatives volumes are besides increasing connected decentralized exchanges, besides known arsenic DEXs. According to recent forecasts from dYdX, DEX derivatives volumes are projected to scope $3.5 trillion successful 2025 — much than treble the $1.5 trillion recorded past year.