Digital assets platform Kraken, which now also allows users to trade stocks and various other traditional financial investing options, said that this October, customers’ futures trading experience is getting an upgrade. Notably, this latest announcement comes after Kraken quietly raised a $500 million funding round late last month at a $15 billion valuation.
Kraken revealed that it now supports CME futures contracts – from equity indices to energy, metals, FX as well as other options. These moves appear to be a response to the converging DeFi and TradFi space and may be intended to help Kraken remain competitive, especially considering that Robinhood Markets and Coinbase have already introduced more comprehensive trading and investing options.
In a blog post, Kraken noted that with professional-grade order tools, there is also a “competitive 0.5 bps fees and free live market data for funded non-professional clients, trading futures has never been easier.”
Kraken Derivatives US connects clients directly to CME futures markets through their regulated futures commission merchant, Kraken Derivative US.
Customers can now trade:
- Crypto futures – BTC, ETH, SOL
- Equity indices – S&P 500, NASDAQ, Dow, Russell
- Commodities – gold, oil, silver, rice, cattle, soybeans
- FX majors – EUR, GBP, JPY, AUD and more
Kraken added that this comes “with transparent pricing, professional risk controls and real-time margining.”
It is now possible to access CME exchange products: CME, CBOT, NYMEX and COMEX. Trade equity indices, FX, commodities, metals and energy – all from one platform.
Kraken also mentioned that verified non-professional clients with funded accounts get free-of-cost L1 CME bundle data every month.
Kraken has also unveiled enhancements to their equities offering for U.S. users, introducing a suite of features designed to provide a better trading experience.
According to the announcement from Kraken, these latest additions aim to further bridge the gap between traditional finance and digital assets. The crypto exchange explained that this offering provides investors a unified platform to manage their portfolios.
As stated in a blog post from Kraken, key updates are:
- Seamless asset transfers with ACATS – up to 2% transfer bonus for a limited time
- They now support the Automated Customer Account Transfer Service (ACATS), allowing users to transfer eligible stock and ETF holdings from other brokerages into their Kraken accounts directly within the platform.
- For a limited time, users can earn up to 2% bonus on stocks and ETFs transferred to Kraken. This feature helps streamline the process of consolidating investments, enabling users to manage both equities and crypto assets in one place.
Users are also able to explore income opportunities with Fully Paid Securities Lending (FPSL).