Kraken opens Bitcoin and Ethereum options to eligible European traders
Summary
Kraken has launched Bitcoin and Ethereum options for eligible traders in EEA countries where it offers derivatives, extending access beyond professional and institutional clients. Contracts are cash-settled in U.S. dollars, offer maturities from weekly to semiannual, and share collateral with futures under portfolio margining. Trading uses a request-for-quote system, and distressed portfolios may go through sealed-offer auctions. Kraken warns that options can cause losses exceeding posted margin, including potentially unlimited losses for sellers.
