Kraken Expands into US Derivatives Market with Launch of Regulated Platform

Kraken has made a significant move into the US derivatives market with the official launch of its regulated trading platform, Kraken Derivatives US. This follows the completion of a $1.5 billion acquisition of NinjaTrader, a strategic step to bolster its presence in the cryptocurrency derivatives space. The platform is now live in five US jurisdictions—Vermont, West Virginia, North Dakota, Mississippi, and Washington, D.C.—offering CME-listed bitcoin and cryptocurrency futures. This expansion underscores Kraken's aggressive strategy to capture a larger share of the US market, providing traders with regulated and secure access to crypto derivatives. The launch marks a pivotal moment for Kraken as it continues to innovate and expand its services in the rapidly evolving cryptocurrency landscape.

Kraken Launches US Derivatives Platform Following NinjaTrader Acquisition

Kraken has officially launched its US-regulated derivatives trading platform after completing a $1.5 billion acquisition of NinjaTrader. The new service, Kraken Derivatives US, is now available in five US jurisdictions—Vermont, West Virginia, North Dakota, Mississippi, and Washington, D.C.—offering CME-listed Bitcoin and cryptocurrency futures.

The move signals Kraken's aggressive expansion into the US derivatives market, capitalizing on surging demand for crypto derivatives. Bitcoin futures volumes alone are projected to exceed $23 trillion by 2025. The platform operates under CFTC oversight, integrating institutional-grade trading tools into Kraken Pro alongside its existing spot market offerings.

As one of the largest spot bitcoin exchanges with daily volumes topping $1.7 billion, Kraken's foray into derivatives strengthens its position against competitors. The NinjaTrader acquisition also hints at broader ambitions—Kraken has signaled plans to expand into stocks, options, and prediction markets.

Bitcoin Price Pauses for Breath—Consolidates Gains Before Next Big Move

Bitcoin's rally took a breather after reaching a new all-time high NEAR $123,200, with prices consolidating below the $120,000 threshold. The cryptocurrency dipped below key support levels but found stability around $118,000, signaling potential for another upward push.

A rising channel formation on the hourly chart suggests underlying bullish sentiment, with immediate resistance observed at $119,500. Market participants are watching for a decisive break above $120,000 to confirm the next leg of the rally.

The 50% Fibonacci retracement level from the recent swing low of $108,636 has held as support, indicating strong buyer interest at current levels. Trading volume patterns and the defense of critical technical levels point to accumulation rather than distribution.