Kraken Launches Crypto Derivatives for UK Professionals

Cryptocurrency exchange Kraken has officially launched its derivatives trading platform for professional clients in the United Kingdom, marking a significant step in expanding its reach within the market. Kraken’s head of derivatives, Alexia Theodorou, noted that the platform was rolled out gradually to specific clients before becoming open to 100% of its clientele who must undergo a specific onboarding process for derivatives. The company’s belief that derivatives make up around 70-75% of total crypto trading volume has led to a doubling down on this product, especially as it sees significant growth compared to spot trading.