Kraken launched Bitcoin and Ether options for US clients on Monday, offering traders a regulated route to hedge or speculate on crypto without leaving a licensed exchange.
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Kraken launched crypto options trading for US clients on Monday, the exchange said, giving traders a regulated route to hedge or speculate on Bitcoin and Ether.
The product clears and settles in US dollars through Kraken's existing exchange infrastructure. Options let traders cap downside risk or lever upside exposure without the margin mechanics of perpetual swaps, which dominate unregulated offshore venues.
Kraken said a regulated counterparty handles settlement, though it did not name the clearing firm. The launch follows a year of enforcement actions by US regulators against unregistered crypto derivatives platforms. Coinbase Derivatives began offering options earlier this year, and Cboe Digital offers futures and options on its licensed exchange.
The move comes as crypto derivatives trading volumes have surged, with options and futures dwarfing spot activity across major exchanges. Kraken did not disclose initial volume targets or whether the product will expand to additional assets.
Trading commenced Tuesday.
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