Overview
- EU clients can post Bitcoin, Ethereum and approved stablecoins as margin across more than 150 USD‑margined perpetual markets with up to 10x leverage.
- Collateral posted in crypto is converted to USD for margin and liquidation calculations, with volatility‑based haircuts applied to manage risk.
- Kraken states the offering operates under MiCA and MiFID II, supported by a Markets in Crypto‑Assets license from the Central Bank of Ireland and oversight from CySEC, with trading via a UK‑regulated MTF.
- Using crypto as collateral removes the need to convert to fiat, cutting conversion costs and delays while enabling hedging without selling underlying holdings.
- The feature is available immediately on Kraken Pro in the EU and is positioned to appeal to institutional and advanced retail traders, following a Q3 revenue rise to $648 million tied to product expansion including the NinjaTrader acquisition.