Kraken has launched Kraken Derivatives US, a regulated offering that gives American clients access to crypto futures through an integrated experience on Kraken Pro. The service begins with CME-listed futures contracts and expands Kraken's efforts to provide unified access to both digital and traditional markets. Kraken also partnered with Backed and BNB Chain to expand access to tokenized U.S. equities globally.
Kraken has announced the launch of Kraken Derivatives US, a regulated offering that provides American clients with access to crypto futures through an integrated experience on Kraken Pro. This new service begins with CME-listed futures contracts, expanding Kraken's efforts to offer unified access to both digital and traditional markets [1].
Additionally, Kraken has partnered with Backed and BNB Chain to expand access to tokenized U.S. equities globally. This strategic move aims to enhance Kraken's offerings and cater to a broader range of investors.
The launch of Kraken Derivatives US comes as part of Kraken's ongoing efforts to expand its regulatory compliance and services. The company has already secured a Markets in Crypto-Assets Regulation (MiCA) license, enabling it to operate across all 30 countries in the European Economic Area [2]. This license allows Kraken to offer crypto services to millions of customers within a unified regulatory framework.
Kraken's expansion into the U.S. market for derivatives is a significant step forward, particularly given the growing interest in crypto derivatives among American investors. By integrating CME-listed futures contracts, Kraken aims to provide a seamless experience for users who want to trade both digital and traditional assets.
The partnership with Backed and BNB Chain further underscores Kraken's commitment to innovation and global expansion. Tokenized U.S. equities offer investors the opportunity to gain exposure to major U.S. companies without the need for traditional brokerage accounts.
Kraken's latest developments align with its broader strategy of regulatory compliance and service expansion. The company is seeking $500 million in funding at a $15 billion valuation, up from $11 billion in 2022, according to sources [3]. This funding round is expected to support Kraken's ongoing growth and potential IPO in early 2026.
References:
[1] https://www.financemagnates.com/cryptocurrency/kraken-launches-crypto-services-across-30-eea-countries-under-mica-license/
[2] https://www.financemagnates.com/cryptocurrency/kraken-launches-crypto-services-across-30-eea-countries-under-mica-license/
[3] https://www.financemagnates.com/cryptocurrency/kraken-launches-crypto-services-across-30-eea-countries-under-mica-license/
Comments
No comments yet