A major US crypto exchange is introducing streamlined options contracts aimed at unlocking broader adoption in the derivatives space.
Kraken says it has launched European-style, USD-settled Bitcoin (BTC) and Ethereum (ETH) options on its Pro platform, starting with request-for-quote functionality for eligible international clients.
Expansion to a public order book, Europe,and more assets are planned next.
The new offering integrates into existing accounts with portfolio margin and supports collateral in over 30 currencies to lower barriers for retail traders.
Kraken says the simplified structure aims to make derivatives more accessible without requiring complex setups.
“Crypto options activity is still a fraction of what it is in traditional markets but the gap is closing as professional and institutional capital continues to move into digital assets.
The existing options market in crypto has been built for a narrow slice of the trader base. Our offering broadens access through a straightforward, dollar-settled contract design that tracks the underlying asset directly, in the same account clients already use for spot and futures.”
Kraken says future phases will broaden availability and add liquidity through order books.
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