Kraken Launches Regulated Derivatives Venue in Bermuda

Bermuda provides an ideal location for Kraken to offer a secure and reliable derivatives trading experience

HAMILTON, Bermuda--(BUSINESS WIRE)--Kraken, one of the longest-standing, most liquid and secure cryptocurrency exchanges, is delighted to unveil its new global derivatives venue in Bermuda, as it prepares to open up a fast-expanding part of the space to clients looking for a properly licensed venue in a sophisticated, internationally respected jurisdiction.

Reflecting the 24/7 nature of the crypto market, Kraken clients can trade derivatives round-the-clock via a venue that operates under a robust regulatory framework. Kraken is now licensed by the Bermuda Monetary Authority, a global leader in cryptocurrency regulation, to offer crypto derivatives trading from the territory.

The news marks another major milestone for Kraken in its efforts to create the premier platform for crypto trading and investing. Kraken’s new global derivatives venue, with over 200 different contracts available, is well-timed as clients look to use derivatives to better tailor their digital asset exposures.

“Derivatives now account for the majority of total crypto trading volumes,” said Shannon Kurtas, Head of Trading at Kraken. “Clients use derivatives for capital-efficient hedging, cross-margined exposure, as well as yield and arbitrage opportunities, among others. Providing our clients with the ability to trade derivatives securely and efficiently means they can take advantage of these diverse opportunities more easily as we anticipate continued growth in derivative volumes and open interest.”

Bermuda’s Premier, the Honorable E. David Burt, remarked: “We are pleased to welcome Kraken to Bermuda and in joining our growing market of BMA licensed digital asset businesses. Since 2017, we set out on a mission to provide regulatory clarity for digital asset businesses which uphold our jurisdiction’s standards in compliance and risk management. We are happy to see global businesses like Kraken recognizing Bermuda as a premier jurisdiction for digital finance.”

From Bermuda, Kraken will initially offer perpetual and fixed maturity futures against a diverse range of collateral options, including fiat currency and more than thirty cryptocurrencies, providing clients with a greater degree of flexibility in managing their positions and risk.

Access to the venue is available to clients in eligible jurisdictions via Kraken's high-performance APIs and market-leading web and mobile platforms.

Please contact [e-mail] for more information.

About Kraken

Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD.

Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. Trusted by over 10 million individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves.

In 2024, Kraken ranked 14th in Newsweek’s Global Top 100 list of Most Loved Workplaces. The only crypto company to have made the list two years in a row, this showcases how the platform offers one of the world’s most compelling employment opportunities.

Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro Apps. For more information about Kraken, please visit www.kraken.com.