Kraken Derivatives Unit Joins Copper’s Crypto Settlement Network

Kraken's derivatives trading department, Kraken MTF, has joined the collateral management and settlement network ClearLoop of cryptocurrency custody expert Copper. Kraken MTF was acquired by the exchange five years ago from Crypto Facilities, headquartered in London and regulated by the UK Financial Conduct Authority (FCA). This multilateral trading facility is not aimed at retail investors, and provides tokenized futures contracts for Bitcoin, Ethereum, XRP, Litecoin, and BCH. "In May of this year, ClearLoop processed 10.6 million transactions, with a nominal trading volume of $64.6 billion."