Kingdom

Void

United

Read

MN Coin

<div class="coingape"> 
 <p><span data-preserver-spaces="true">Previously, <a rel="noopener noreferrer nofollow" title="Kraken" href="https://thebittimes.com/tag/kraken.html">Kraken</a> suffered numerous losses when the U.S Securities and Exchange Commission (SEC) ordered it to discontinue its offer and sale of crypto asset staking-as-a-service programs and penalized the exchange with $30 million.&nbsp;</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>   
 </div> 
 <p><span data-preserver-spaces="true"><a rel="noopener noreferrer nofollow" title="Kraken" href="https://thebittimes.com/tag/kraken.html">Kraken</a> aims to gain custody of a broader range of client assets in the United Kingdom with one of its subsidiaries, Crypto Facilities Ltd. The London-based subsidiary is in talks with the UK’s Financial Conduct Authority to expand its services.&nbsp;</span></p> 
 <h2 id="span-data-preserver-spaces-true-new-horizons-span"><span data-preserver-spaces="true">New Horizons</span></h2> 
 <p><span data-preserver-spaces="true"><a rel="noopener noreferrer nofollow" title="Kraken" href="https://thebittimes.com/tag/kraken.html">Kraken</a> acquired Crypto Facilities in 2019, and the London-based firm separately registered with the FCA in 2021 for custody of crypto assets. Now, the firm offers institutional investors leveraged and cash-settled futures contracts for cryptocurrencies like Bitcoin and Ether.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">Crypto Facilities acquired the multilateral trading facility license in 2020. Based on the accreditation, Crypto Facilities plans to leverage the UK’s Client Money and Asset rules or CASS. </span></p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/06/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/07/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/07/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/07/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/07/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/09/05/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p><span data-preserver-spaces="true">Under CASS, Crypto Facilities can offer futures contracts denominated in fiat currency, such as euros or pounds its, holding to the clients.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">“It’s a key driver as we expand out what we do in the institutional market across crypto,” Mark Jennings, CEO of Crypto Facilities, said Monday.</span></p> 
 <p>Also Read:&nbsp;Just-In: Fintech Owner Uses Bitcoin Scheme To Launder Drug Money Via Binance</p> 
 <h2 id="span-data-preserver-spaces-true-pre-ftx-saga-span"><span data-preserver-spaces="true">Pre FTX Saga</span></h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span data-preserver-spaces="true">The lucrativeness of Derivatives Trading is no hidden secret in the crypto industry. August’s combined spot and derivatives trading volume stood at $2.09 trillion across centralized exchanges, according to data from analytics firms like CCData.&nbsp;</span></p> 
 <p><span data-preserver-spaces="true">“Prior to FTX we’d be hitting $700 million to $800 million a day” in trading volume, Jennings said, “We’re not at the pre-FTX kind of bull market volumes.”</span></p> 
 <p><span data-preserver-spaces="true">Mark Jennings mentioned that the crypto derivatives market is going to a lower capacity than observed when Bitcoin price traded at $69,000. </span></p> 
 <p><span data-preserver-spaces="true">After FTX’s collapse, the industry’s confidence shattered, marking the beginning of the bear market. Jennings added that the derivatives market is now closer to $100 million.</span></p> 
 <p><span data-preserver-spaces="true">Will the derivatives market continue to rise and realize its true potential like it once did back in 2021? Due to the delay in the ETF approval the Bitcoin continues to move sideways. However, experts believe that the current scenario and the victory of Grayscale against the SEC will bring positive outlook on the price of Bitcoin.</span></p> 
 <p>Also Read:&nbsp;Bitcoin (BTC) To Soon Get Fair Accounting Rules in the US, Here’s What It Means</p> 
 <noscript> 
  <link rel="noopener noreferrer nofollow" href="#" media="all" data-minify="1"> 
  <link rel="noopener noreferrer nofollow" id="dscf7-math-captcha-style-css" href="https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.3" type="text/css" media="1"> 
 </noscript> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/kraken-eyes-crypto-derivatives-expansion-over-ftx-led-void-tbt61911.html">https://thebittimes.com/kraken-eyes-crypto-derivatives-expansion-over-ftx-led-void-tbt61911.html</a></p>

Kraken Eyes Crypto Derivatives Expansion Over FTX-Led Void

Table of Contents

TheBitTimes

Other articles published on Sep 7, 2023

El Salvador Aims to Introduce Bitcoin Education in Public Schools

Stake hack of $41m was performed by North Korean group: FBI

SEC’s Enforcement Action Against NFTs Could Hurt the Industry

Astar Network’s EVM Staking Release Sparks Price Rally, but There’s a Catch

A New Dawn for Innovation or a Pandora’s Box?: The AI and Crypto Union

Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment

Join our free newsletter for daily crypto updates!