Kraken Launches U.S. Derivatives Arm
2025-07-15 13:53:21
Main Idea
Kraken, a major cryptocurrency exchange, is expanding into the U.S. derivatives market to establish itself as a full-service trading platform, leveraging its success in Europe and recent acquisitions.
Key Points
1. Kraken is launching crypto derivatives in the U.S., building on its European market success where it holds over 35% market share.
2. The company's European derivatives business quadrupled from 2023 to 2024, with expectations of continued growth.
3. Kraken will offer CME-listed futures tied to major cryptocurrencies with competitive pricing at 0.5 basis points commission.
4. The expansion follows Kraken's $1.5 billion acquisition of NinjaTrader and its recent launch of commission-free equities trading in the U.S.
5. Kraken's move aligns with industry trends, as competitors like Robinhood and Coinbase have also made significant acquisitions in the crypto space.
Description
Amid buoyant crypto markets and growing mainstream acceptance of digital currencies, Kraken is racing to establish itself as a one-stop digital asset investing platform.
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