Kraken Launches U.S. Derivatives Arm

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.