Crypto exchange Kraken has launched Kraken Derivatives US for US traders, offering access to CME-listed cryptocurrency futures. The platform expands institutional-grade trading tools for futures contracts, initially available in Vermont, West Virginia, North Dakota, Mississippi, and Washington, D.C. Kraken acquired NinjaTrader for $1.5 billion, leading to the expansion of offerings.

The crypto derivatives market has seen significant growth, with total volume expected to surpass $23 trillion by 2025. Bitcoin derivatives dominate with over $70 billion in open interest. Perpetual contracts have grown 150% in the past year, outpacing futures contracts. Decentralized exchanges are projected to reach $3.5 trillion in derivatives volumes by 2025.

Read more at Cointelegraph: Kraken Derivatives US Launches After $1.5B NinjaTrader Deal