Kraken has announced a new cryptocurrency derivatives trading feature for its clients in the U.S., providing access to futures trading.
Features of Kraken Derivatives US
Kraken Derivatives US is a new offering that integrates with the Kraken Pro platform, providing access to cryptocurrency futures listed on the Chicago Mercantile Exchange for U.S. customers. This service allows U.S. clients to trade futures alongside one of the most liquid cryptocurrency spot markets.
Plans for Expansion
While Kraken Derivatives US initially focuses on cryptocurrency futures trading, the exchange plans to expand its offerings to include commodities, fixed income, foreign exchange, and equity futures. This will provide users access to both digital and traditional assets simultaneously.
Similar Market Initiatives
The launch of the derivatives feature for U.S. users comes months after Kraken’s debut in commission-free equities trading. In April, the exchange offered over 11,000 stocks and ETFs, and has recently announced a tokenized equities platform. Other platforms, such as Coinbase and Robinhood, are also taking steps to expand their activities.
Thus, Kraken is continuing to expand its services, providing users with new opportunities for trading in both cryptocurrency and traditional markets.
