Kraken has recently introduced a new derivatives trading platform in Bermuda. The company obtained a digital asset business license from the Bermuda Monetary Authority, as stated in a press release.
This decision was partly influenced by the increased scrutiny of crypto exchanges by the US Securities and Exchange Commission, which has prompted companies like Kraken to seek opportunities offshore.
With the BMA license, Kraken now has the ability to provide its clients with a variety of crypto derivatives, including perpetual and fixed-maturity futures.
These derivatives can be secured using a wide range of collateral, such as fiat currencies and over 30 different cryptocurrencies, according to the release.
