The Crypto Exchange Kraken has launched a platform of derivatives for US entrepreneurs, offering access to futures listed in CME listed in CME and expanding the presence of institutional trading tools.
On Tuesday, the exchange announced The launch of Kraken Derivatives US, which provides access to futures contracts through the Kraken Pro platform. The move expands Kraken’s product suite by expanding trading on futures along with existing market offerings.
According to Kraken Pro, accessing Kraken Derivatives US was to be raised first in Vermont, West Virginia, North Dakota, Mississippi and Washington, DC
Kraken Derivatives US is controlled by the Commodity Futures Trading Commission (CFTC), following Kraken’s $ 1.5 billion getting ninjatrader – One of the biggest fusion in crypto history.
Prior to the acquisition, the ninjatrader set up a strong reputation as a retail futures broker, which specializes in equity derivatives and offers access to commodity markets.
When the deal is closed in May, Kraken Says It plans to expand its offerings on both Kraken and Ninjatrader platforms to include stocks, predictions and market options.
Kraken remains one of the largest crypto exchanges in the world, with a day -to -day volume of over $ 1.7 billion to Tuesday, according to CoinMarketCap.
Related: Kraken completed Ninjatrader Buy as Q1 revenue jumps 19%
Crypto Derivatives Market sees significant expansion as the DEX volume grows
The crypto derivatives market has grown significantly since the CME Group and CBEE launched Bitcoin (Btc) Futures contracts in late 2017.
By 2025, the total volume of crypto derivatives is expected to exceed $ 23 trillion, according to data from Okx.
Bitcoin derivatives led this advance, with an open interest of more than $ 70 billion in the first half of the year. In contrast, ether (Eth) And the altcoins continue to face “liquidity challenges,” Okx said.
Within the derivatives market, eternal contracts have experienced faster growth than futures, according to CoinMarketCap data. Volumes in Perpetuals, which have no expiration date, grew 150% last year.
Volumes of crypto derivatives also grow in decentralized exchanges, also known as Dex. According to Recent forecasts from DYDXVolumes of the Dex Derivatives are expected to reach $ 3.5 trillion in 2025 – more than double the $ 1.5 trillion recorded last year.
Related: Standard Chartered Launching Bitcoin and Ether Trading for institutions
