Kraken has launched a spot cryptocurrency margin trading service for U.S. retail users regulated by the U.S. Commodity Futures Trading Commission (CFTC).
The Block reported recently that it has not been easy for U.S. retail users to use such products in a regulated environment.
Kraken said users can trade with up to 10 times leverage without directly selling assets by using their crypto holdings as collateral.
Darius Tabatabai (다리우스 타바타바이), head of Kraken Pro, said margin trading is a core feature of the global crypto market and helps improve capital efficiency and broaden trading strategies.
The launch came shortly after Kraken parent Payward announced it had completed its acquisition of Bitnomial. Payward said on May 5 it completed the purchase of Chicago-based crypto derivatives exchange Bitnomial. Bitnomial holds merchant, contract market and clearing licenses issued by the CFTC.
Hwang Chi-kyu
delight@d-today.co.kr