Kraken launches cryptocurrency derivatives trading for UK professional investors

According to Cointelegraph, cryptocurrency exchange Kraken has officially launched derivative trading services in the UK, currently only open to "professional clients" who meet the definition of the UK Financial Conduct Authority (FCA). This service is provided through the MTF platform of Crypto Facilities, a licensed institution under Kraken, which was the first cryptocurrency company to obtain an MTF license from the FCA in 2020. Alexia Theodorou, the head of Kraken's derivatives business, revealed that the trading volume of derivatives accounts for approximately 70% -75% of the total trading volume in the cryptocurrency market. Although the trading volume of spot and derivative products on the Kraken platform is currently comparable, the growth rate of derivative products is significantly faster. The innovative products launched this time, such as multi collateral perpetual contracts, mainly provide capital efficient trading solutions for institutional clients.