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Last week we revealed our new face to the world. We’ve heard how much you like it! Are you ready for more? This week we reveal a new tentacle!
Kraken is proud to announce the addition of futures trading via the acquisition of Crypto Facilities, the world-leading, FCA-regulated cryptocurrency trading platform and index provider. This nine-figure deal is Kraken’s largest acquisition to date and one of the largest in the history of crypto.
Today, Kraken becomes the first and only crypto exchange to offer both spot and futures trading to clients. Say bye-bye to the days of switching back-and-forth between exchanges. Whether you want your crypto delivered now or in the future, keep track of one account, in one place, and do it all with your many-tentacled friend who you’ve known and trusted since 2013 🙂
Isn’t this exciting? Here are six benefits of trading futures to get you started on your adventure! There, you’ll also find helpful product details, like trading pairs, fees, and leverage — up to 50x!
After you devour all of that delicious futures info, swing by Indices to see why CME Group, the world’s leading and most diverse derivatives marketplace, has trusted Crypto Facilities as their up-to-the-second accurate price reference source and guardian of price transparency.
Speaking of being the first to do something, we were the first crypto market leader in the euro over five years ago and have held that title proudly since. Our clients in the Euro market have been very supportive and loyal to us. We promise to continue giving you what you want and need! We’re happily assimilating the entire London-based Crypto Facilities team into official Krakenites, including approximately 20 developers, bringing the total Kraken dev count to approximately 100! Our software engineers like the work culture and appreciate our globally distributed Silicon Valley compensation packages, no matter where they’re resting or roaming.
One key quality of our culture is transparency. What’s more transparent than an unrehearsed weekly podcast with Jesse Powell, our CEO and co-founder? Hear him speak candidly about crypto and reveal the day-to-day, inner workings of one of the largest (and most opinionated) crypto exchanges in the world. Check out our first 2 episodes of the Kraken podcast “How to Grow a Decacorn” with Jesse and Timo Schlaefer, the CEO and co-founder of Crypto Facilities, as they chew over the benefits of futures, reveal how this deal came together over the past 10 months, and reminisce on the fierce challenges they encountered along the way.
With you, Kraken is determined to conquer 2019. Read the official press release here. To unlock futures now, check out the step-by-step instructions and find out your eligibility based on location* and account tier.
*Note that clients based in the US, as well as certain other areas, aren’t eligible for futures trading. We’ll let you know if that changes.