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Crypto
Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback
Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.
Crypto
U.S. perpetual futures competition intensifies as Kraken joins Kalshi and Coinbase
Kraken will launch perpetual futures trading in the United States, The Block reported on June 15. The exchange has completed its acquisition of Bitnomial and received approval from the U.S. Commodity Futures Trading Commission to offer domestic crypto derivatives trading. Perpetual futures track price moves without expiry and use funding rates to align futures and spot prices. U.S. users have relied on offshore venues. The CFTC also recently approved products from Kalshi and Coinbase.
Crypto
Kraken says U.S. regulated perpetual futures market to follow bitcoin spot ETF playbook
A U.S.-regulated perpetual futures market is expected to be adopted by institutions in a way similar to the rollout of bitcoin spot exchange-traded funds in January 2024, CoinDesk reported, citing John Palmer (존 팔머), head of derivatives at Kraken. Palmer said professional traders would enter newly approved perpetual futures first, followed by large asset managers and investment advisers after internal due diligence and governance procedures.
