Bloomberg Crypto 03/06/2025
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Chainlink Co-Founder Sergey Nazarov, Kraken Deputy General Counsel Jonathan Jachym, and Delta Blockchain Founder Kavita Gupta. (Source: Bloomberg)
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Business Wire
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Kraken Launches US Regulated Derivatives Offering, Creating Unified Access to Futures and Crypto Spot Markets
CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today announced the launch of Kraken Derivatives US, a regulated US derivatives offering. 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. For more information, please visit About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via For more information about Kraken, please visit Futures products and services on Kraken are provided by NinjaTrader Clearing LLC dba Kraken Derivatives US, a regulated Futures Commission Merchant that is a member of the National Futures Association ('NFA') (NFA ID 0309379) and registered with the Commodity Futures Trading Commission ('CFTC'). You should be aware that the NFA does not have regulatory oversight over underlying or spot virtual currency products, transactions, exchanges, custodian or markets. Spot accounts are maintained by Payward Interactive Inc., which is not CFTC registered and is not a member of the NFA. This is not an offer or solicitation for brokerage services or other products or services in any jurisdiction where Kraken is not authorized to do business or where such offer or solicitation would be contrary to local laws and regulations of that jurisdiction. Futures and options trading involves substantial risk of loss and is not suitable for all investors. Investors should understand the risks involved in trading and carefully consider whether such trading is suitable in light of their financial circumstances and resources. Past performance is not necessarily indicator of future results. Please review the Full NTC Risk Disclosure for more information.
Forbes
2 hours ago
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Kraken Launches U.S. Derivatives Arm
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Yahoo
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Defi Tokens Are Soaring, Leaving Behind OG Coins Like LTC, BCH and XMR
Bitcoin's surge to an all time high on Thursday evoked mixed reactions from altcoins, with some outperforming the largest cryptocurrency by market cap and others lagging behind. And that's split along industry lines. Tokens associated with decentralized finance (DeFi) and those from layer-2 blockchains are outperforming as investors transition to a risk-on approach. Others, such as tron (TRX), bitcoin cash (BCH), litecoin (LTC) and monero (XMR) are, in comparison, barely moving. Even solana (SOL), the darling of the previous drive to record highs, seems to be taking a back seat, rising just 3.9% while the likes of sei (SEI), ethena (ENA) and optimism (OP) are celebrating gains of as much as 28%. "Altcoins are leading the pack in this latest rally," Thomas Perfumo, Kraken's global economist, said in an email. A drop in bitcoin dominance is "reinforcing a broad-based rally with altcoins leading the charge." During the 2017 and 2021 runs to record highs, bitcoin dominance — a measure of BTC's share of the total crypto market —rose rapidly. On Thursday's rally, it fell to 63.5% from 64%, indicating a shift in emphasis toward the altcoin market Crypto markets are cyclical by nature. They run without interruption 24 hours a day against a backdrop of high volatility and low liquidity which can create an emotional trading environment. In previous cycles, altcoins often moved in unison, rising as bitcoin consolidated and dropping en masse when it rose or fell. This time, however, seems different, possibly due to the increased participation of institutions in the the industry. The rise in DeFi tokens can be attributed to increasing institutional interest in ether (ETH), which could pave the way for a search for yield with firms battling to secure the highest returns. The same can be said for layer-2 networks. As institutions run into the Ethereum blockchain's issues with latency and efficiency, they may consider networks like Arbitrum that allow liquidity to flow from decentralized exchanges to staking protocols at a fast rate. That network's ARB token is up 15% in the past 24 hours. Still, Petr Kozyakov, CEO at payments firm Mercuryo, said the rise in altcoins will be short-lived. "While altcoins are also in the green with Ethereum spiking past the $3,000 mark, the underlying 'orange pill' narrative remains steadfastly in place," he said. "Bitcoin's growing status as a store of value is one that more and more big players and institutions are simply unable to ignore." That's not a narrative that finds much support from Arthur Hayes, the BitMEX founder turned fund manager. 'Get ready for a monster alt season,' he told his followers on X after predicting that ETH would reach $10,000 this cycle. If Hayes' prediction holds true, bitcoin could face short-term difficulty as liquidity will inevitably flow into the altcoin market as traders attempt to capture speculative gains. This could also be a hammer blow to the old-school crypto coins, which all lack major catalysts for a boost. Sign in to access your portfolio
