Kraken, a top cryptocurrency exchange, has expanded its derivatives trading services across Europe. The company now offers regulated futures contracts to retail and institutional customers in the European Economic Area (EEA). This development comes after the exchange acquired a Cypriot investment firm earlier this year, which allowed the exchange to secure a license under the […]
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Coinbase Acquires Deribit for $2.9B, Dominates U.S. Options Market
Coinbase has decided to purchase the crypto derivatives platform, Deribit for $2.9 billion. The acquisition strengthens the position of Coinbase in the U.S. crypto derivatives market. The deal involves $700 million in cash and 11 million shares of Coinbase Class A common stock. Coinbase faced off rival exchange, Kraken, in a long bidding war to […]
Kraken Launches Ambitious Crypto Derivatives in UK, Targets Institutions and Eligible Clients
Kraken, a top crypto exchange, has launched a crypto derivatives trading service in the UK. The service is accessible to professional investors under the regulations of the U.K. Financial Conduct Authority(FCA). Kraken’s entry into the UK market marks a major step in the company’s expansion in institutional markets. The product was initially accessible to select […]
Kraken Acquires NinjaTrader for $1.5 Billion to Lead U.S. Futures Market
Kraken entered a deal to acquire NinjaTrader, a top U.S. retail futures trading platform for a price of $1.5 billion. The acquisition allows Kraken to strengthen its market leadership position in the U.S futures market which comprises traditional assets and cryptocurrencies. Kraken seeks to establish a trading platform which functions 24/7 to deliver multiple asset-class […]