Kraken launches 1 regulated US margin trading service via Bitnomial deal

Crypto exchange Kraken launched regulated spot margin trading in the United States, a new service enabled by its parent company's acquisition of licenses from crypto derivatives exchange Bitnomial.

The move positions Kraken to attract a wider range of US traders who have been seeking access to leverage within a regulated framework, a key strategic objective for the exchange. The company aims to compete more directly with rivals like Coinbase in the highly-coveted US market.

The new spot margin trading service is the first product to launch following the Bitnomial deal. Kraken's parent company, Payward, plans to further leverage the acquired licenses to introduce regulated perpetual futures and options trading for US clients in the future. Specific details on trading volume or user uptake for the new margin service were not yet disclosed.

This launch could significantly increase Kraken's US market share by attracting traders seeking regulated leverage. It may also set a precedent for other crypto exchanges to gain access to the US derivatives market through strategic acquisitions of licensed entities, potentially accelerating regulatory clarity and product availability across the industry.

This article is for informational purposes only and does not constitute investment advice.