Kraken Opens Bitcoin and Ether Options in EEA Countries Where It Offers Derivatives

Kraken opened Bitcoin (BTC) and Ether (ETH) options on Oct. 26 for eligible clients in EEA countries where it offers derivatives, adding two dollar-settled contracts to Kraken Pro. Clients access the product through existing Derivatives accounts on Kraken Pro’s web and mobile platforms. Trading requires an appropriateness assessment and is limited to countries where Kraken offers derivatives. The contracts are European-style, cash-settled and linear in U.S. dollars. They reference XBT/USD and ETH/USD, with weekly, monthly, quarterly and semiannual expiries. Trading uses a request-for-quote system. Clients request a price for a trade of up to five legs, and quotes are available for a limited time. Accepting a quote commits the client to the transaction. The product does not use a public order book.

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