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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/20/2026

Kraken Launches USD-Settled Bitcoin and Ethereum Options for International Clients

What happened: Kraken introduced European-style, cash-settled BTC and ETH options for eligible international users, excluding Europe, North America, and Australia.

Kraken Launches USD-Settled Bitcoin and Ethereum Options for International Clients

What happened: Kraken introduced European-style, cash-settled BTC and ETH options for eligible international users, excluding Europe, North America, and Australia. The platform supports weekly to semi-annual contract cycles and portfolio margining, with over 30 collateral currencies accepted. The move follows Kraken's April 2026 acquisition of Bitnomial, a CFTC-licensed derivatives firm.

Why it matters: By simplifying product design and expanding collateral options, Kraken aims to broaden access to crypto derivatives beyond the narrow, professional trader base. However, the initial rollout's limited jurisdiction means the impact on global derivatives volumes will be incremental. The launch underscores intensifying competition with Deribit, CME Group, and Binance in the options space.

Source: CoinDesk