Kraken Rolls Out Options Contracts on BTC and ETH

Kraken has launched options contracts on Bitcoin and Ether for eligible professional and institutional clients on its Kraken Pro platform. The move marks a significant expansion of the exchange's derivatives offerings.

Alexia Theodorou, director of derivatives at Kraken, stated that the firm had been planning to enter the options market for some time, citing growing demand from institutions and market makers.

The new contracts are European-style, cash-settled, and linear, with premiums, profits, and losses denominated in fiat currency. Portfolio margin is enabled by default, reducing overall margin requirements.