Kraken Pro Adds Crypto Futures
- The platform now offers crypto spots, staking, and futures.
- It lists over 90 crypto perpetual futures contracts.
Kraken has expanded the offerings of its Pro platform by adding futures trading capabilities, the crypto exchange announced on Wednesday. It has added over 90 perpetual futures as the newest instruments on the platform.
Expanding Services of Kraken Pro
Kraken launched its Pro platform last December, targeting professional crypto traders. Apart from the recently added futures trading, the platform offers crypto spot trading and staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Read this Term services.
“Over our 11-year history, Kraken has always built products around clients’ needs, with a focus on intuitive UIs. With the launch of Kraken Pro, that same client-first mindset brings a best-in-class trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to advanced traders,” Kraken’s Chief Operating Officer and incoming CEO, David Ripley, said during the launch.
The official announcement highlighted that Kraken Pro is packed with trade execution, advanced order management, and analysis tools and focuses on efficiently integrating trade, investment, and portfolio data.
“Clients need a cryptocurrency platform that combines professional-grade performance with unbeatable security. Kraken Pro was built from the ground up to become the destination of choice for advanced traders,” Ripley added.
Developments and Challenges
Kraken is one of the oldest crypto trading platforms and has been in the market since 2011. The company, which carries a crypto banking license from the state of Wyoming, is now considering launching a banking suit in the future.
Meanwhile, Kraken is facing severe backlash on the regulatory front. The platform paid $30 million in a settlement with the US Securities and Exchange Commission (SEC) and was forced to shutter its staking-as-a-service offerings. Staking allows crypto holders to receive additional rewards by blocking their cryptocurrencies with a blockchain validator.
Furthermore, Kraken exited the Japanese market in January, citing market conditions. It was the second time Kraken pulled out from the East Asian market. Coinbase is another American exchange that closed down Japanese services. However, both exchanges are strengthening offerings in Canada. Kraken even applied for a mandatory pre-registration with Canadian regulators.
Kraken has expanded the offerings of its Pro platform by adding futures trading capabilities, the crypto exchange announced on Wednesday. It has added over 90 perpetual futures as the newest instruments on the platform.
Expanding Services of Kraken Pro
Kraken launched its Pro platform last December, targeting professional crypto traders. Apart from the recently added futures trading, the platform offers crypto spot trading and staking Staking Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Staking is defined as the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network. In particular, staking represents a bid to secure a volume of crypto to receive rewards. In most case however, this process relies on users participating in blockchain-related activities via a personal crypto wallet.The concept of staking is also closely tied to the Proof-of-Stake (PoS). PoS is a type of consensus algorithm in which a blockchain network aims to achieve Read this Term services.
“Over our 11-year history, Kraken has always built products around clients’ needs, with a focus on intuitive UIs. With the launch of Kraken Pro, that same client-first mindset brings a best-in-class trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to advanced traders,” Kraken’s Chief Operating Officer and incoming CEO, David Ripley, said during the launch.
The official announcement highlighted that Kraken Pro is packed with trade execution, advanced order management, and analysis tools and focuses on efficiently integrating trade, investment, and portfolio data.
“Clients need a cryptocurrency platform that combines professional-grade performance with unbeatable security. Kraken Pro was built from the ground up to become the destination of choice for advanced traders,” Ripley added.
Developments and Challenges
Kraken is one of the oldest crypto trading platforms and has been in the market since 2011. The company, which carries a crypto banking license from the state of Wyoming, is now considering launching a banking suit in the future.
Meanwhile, Kraken is facing severe backlash on the regulatory front. The platform paid $30 million in a settlement with the US Securities and Exchange Commission (SEC) and was forced to shutter its staking-as-a-service offerings. Staking allows crypto holders to receive additional rewards by blocking their cryptocurrencies with a blockchain validator.
Furthermore, Kraken exited the Japanese market in January, citing market conditions. It was the second time Kraken pulled out from the East Asian market. Coinbase is another American exchange that closed down Japanese services. However, both exchanges are strengthening offerings in Canada. Kraken even applied for a mandatory pre-registration with Canadian regulators.