Kraken confirms simpler options can unlock crypto's next derivatives market
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Kraken has launched cash-settled bitcoin BTC $ 64,115.31 and ether (ETH) options, positioning the product as the first step in a broader push to grow, rather than simply compete for, the crypto options market.
Key facts
- Kraken has launched cash-settled bitcoin BTC $ 64,115.31 and ether (ETH) options, positioning the product as the first step in a broader push to grow, rather than simply compete for, the crypto
- The exchange on Thursday introduced European-style, USD-settled options on bitcoin and ether through Kraken Pro, initially via request-for-quote (RFQ)
- Kraken's offering is designed to lower those barriers with linear, USD-settled contracts that remove the need to manage crypto collateral or settlement
- Alexia Theodorou, Kraken's director of derivatives, said the exchange sees crypto options as an underpenetrated segment compared with traditional financial markets, where options account for a much
Summary
Kraken has launched USD-settled BTC and ETH options on Kraken Pro, initially through request-for-quote (RFQ), with Europe to follow later. Crypto options remain underdeveloped because existing products have been built primarily for institutions, leaving retail traders behind. The crypto exchange plans to expand the offering with an order book, broader geographic availability and additional assets. The exchange on Thursday introduced European-style, USD-settled options on bitcoin and ether through Kraken Pro, initially via request-for-quote (RFQ).