Kraken launches US regulated derivatives offering
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The launch will initially provide direct access to crypto futures listed on the CME through an integrated Kraken Pro trading experience.
Kraken Derivatives US enables clients to trade a full suite of crypto futures alongside Kraken's extensive spot market offering. With instant funding enabling seamless transfer of collateral, the integration gives clients a unified interface to deploy advanced strategies and manage risk efficiently, all from within a regulated environment backed by Kraken's leading infrastructure.
'With this launch, Kraken clients in the US can now trade futures alongside one of the world's most liquid cryptocurrency spot markets,' said Shannon Kurtas, Head of Exchange at Kraken. 'It's a meaningful step in giving traders broad market access and increased capital efficiency within a regulated and high performance environment.'
Kurtas continued: 'Kraken Derivatives US further enriches our unified trading experience, where digital and traditional assets can be accessed side-by-side without compromising on features, performance or liquidity.'
Today's launch represents Kraken's first significant milestone since acquiring NinjaTrader, a leading U.S. retail futures platform, earlier this year. Through NinjaTrader, Kraken will broaden its derivatives offering to include a wider array of asset classes, with plans to introduce commodity, fixed income, FX, and equity futures later this year.
This expansion advances Kraken's strategy to build a comprehensive, multi-asset trading platform: further reinforcing its role as a unified venue for both digital and traditional asset classes.
'NinjaTrader is proud to power Kraken's push into US exchange-based derivatives, democratizing sophisticated trading products and connecting more participants to the world's leading trading venues,' said Martin Franchi, CEO of NinjaTrader. 'This collaboration marks a pivotal first step in accelerating our combined mission to expand global access to these essential products and markets."
In April, Kraken introduced commission-free equities trading in the US, offering access to more than 11,000 stocks and ETFs with 24/5 availability. Kraken has also launched trading for tokenized equities, powered by Backed's xStocks, with phased rollouts beginning last week for eligible non-US clients.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
19 minutes ago
- BBC News
Trump calls for Intel boss Lip-Bu Tan to resign over alleged China ties
President Donald Trump has called on the head of US chipmaker Intel to resign "immediately", accusing him of having problematic ties to a social media post, he said CEO Lip-Bu Tan was "highly conflicted", apparently referring to Mr Tan's alleged investments in companies that the US says are tied to the Chinese military. It is unusual for a president to demand the resignation of a corporate which has received billions of dollars from the government to support semiconductor manufacturing in the US, did not respond to a request for comment. Mr Tan was appointed in March to turn around the tech giant, as it fell behind China and other competitors in chips development. A naturalised US citizen born in Malaysia and raised in Singapore, he is a venture capitalist well-known for his expertise in the semiconductor industry. In an update to investors this week, he said the firm would be scaling back its investments in manufacturing, including in the US, to match demand from customers. Intel has already cut thousands of jobs this year as part of an effort to "right-size" the firm. Shares in Intel fell more than 1.8% in morning trading after the attack from Trump, who has been critical of the firm previously and is preparing to raise tariffs on the chip industry. "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump is known for targeting business leaders with public criticism to a degree unheard of in other presidents, but even by his standards, the demand that the leader of a private company resign is extraordinary. Responding to critics who said he had gone too far, the White House told the BBC: "President Trump remains fully committed to safeguarding our country's national and economic security. This includes ensuring that iconic American companies in cutting-edge sectors are led by men and women who Americans can trust."The president has been concerned about China taking advantage of US technology since his first term, but his policies have been mixed. He has recently threatened tariffs on semiconductors - a move almost universally opposed by the business community - while loosening some rules forbidding business with Chinese firms after pleas from tech giants such as Nvidia. In a statement earlier this week, Intel defended Mr Tan, saying he and the company were "deeply committed to the national security of the US and the integrity of our role in the US defense ecosystem". The statement was made in response to a letter that Republican Senator Tom Cotton sent to Intel's board seeking information about Mr Tan's hiring and his ties to China. Cotton said he was concerned "about the security and integrity of Intel's operations and its potential impact on US national security".He pointed to Mr Tan's role as the longtime chief executive of tech firm Cadence Design Systems, which pleaded guilty in July and agreed to pay $140m over US charges that its subsidiary in China had repeatedly done business with the country's National University of Defense Technology, violating US export controls. Mr Tan's ties to China were also the subject of a Reuters investigation in April, which found that he had invested at least $200 in hundreds of Chinese companies, some of which are linked to the Chinese military. The investments were made either personally or though his funds between 2012 and December 2024. A 2024 congressional report examining ties between US investment firms and Chinese businesses had also spotlighted some of the holdings of Mr Tan's San Francisco-based investment firm, Walden International. Republican Senator Bernie Moreno, a Trump ally, took up the attack on Mr Tan on Thursday, criticising Intel for delays in its plans for chip manufacturing in the US.
Reuters
an hour ago
- Reuters
How hedge funds performed in turbulent July
LONDON/NEW YORK, Aug 5 (Reuters) - Hedge fund returns climbed in July as many were lifted by rising stock markets that hit record highs, though others were caught in turbulence sparked by U.S. trade uncertainty, according to a Goldman Sachs report and sources familiar with the funds. Hedge fund stockpickers returned almost 1.5% in July and are up roughly 7.8% for the year so far, said Goldman Sachs in a note to clients on Monday seen by Reuters. Systematic hedge funds trading stocks were on track to deliver their worst monthly performance on record before rebounding after July 25 to claw back half of their losses, finishing with a negative 2% return, said Goldman. These funds were up 10% for the year so far, however, added the bank. While stockpickers benefited by piling into already crowded trades, hedge funds using algorithms to create systematic trading strategies were hurt by busy trades, said Goldman. The S&P 500 (.SPX), opens new tab hit record highs during July, but only returned 1.38%. The biggest multi-strategy funds posted muted returns, including Schonfeld Strategic Advisors' flagship fund Strategic Partners, which was down 0.3% in July and is now up 5.8% for 2025, according to a source familiar with the matter. Schonfeld's Fundamental Equity fund gained 1.4% last month and was up 7.1% in the year, the source added. The $76.9 billion British hedge fund Marshall Wace returned a negative 0.2% in its Market Neutral TOPS fund, bringing its half-year performance to roughly 11%. Its Eureka fund returned 1.6% in July and is up 6.1% for 2025 so far, said another source familiar with the fund's results. *result as of Aug 4 **class B shares, as of July 25
BBC News
an hour ago
- BBC News
Haslingden Market cuts opening hours despite £500k refurbishment
A market hall in East Lancashire is to close on one of its three trading days despite recently undergoing a major Market will now shut on Thursdays after a fall in footfall, but will be open for longer on Fridays and Saturdays, Rossendale Council comes despite the completion of a £500,000 regeneration project to improve the market in councillor Scott Smith, leader of the council's opposition Conservative group said the move raised serious concerns "about the council's ability to provide our town centres with the investment they desperately need". In a statement on social media, Labour-run Rossendale Council said the decision had been made with traders so they could focus business on busier trading said: "Concentrating activity on Fridays and Saturdays will help traders build momentum, reduce operational waste on quieter days, and offer an improved experience for customers."Stalls, which open at 09:00, will now close an hour later on Friday and Saturday, shutting at 15:00 the changes, food traders will be allowed to stay open from 12:00 to 19:00 on both Labour councillor Ann Kenyon told the Local Democracy Reporting Service: "The market has been struggling."It and businesses in the town have been hit by the town centre improvement works around Deardengate which were scheduled to take 24 weeks."She said: "Hopefully when they are finished things will look up for the market and other traders in the town centre." Listen to the best of BBC Radio Lancashire on Sounds and follow BBC Lancashire on Facebook, X and Instagram. You can also send story ideas via Whatsapp to 0808 100 2230.
