Cryptocurrency exchange Kraken announced on November 3, 2025, a major expansion of its European derivatives platform, allowing traders in the European Economic Area (EEA) to use cryptocurrencies as collateral for perpetual futures contracts. This development builds on Kraken's initial derivatives launch in May 2025, which only supported fiat-based collateral.
The new feature operates under the MiFID and MiCA regulatory frameworks, enabled by Kraken's licenses from the Central Bank of Ireland and its MiFID-regulated entity in Cyprus. This dual compliance structure positions Kraken as the first major global exchange to offer crypto-collateralized derivatives under full regulatory oversight in the EU.
Traders on Kraken Pro can now use Bitcoin (BTC), Ethereum (ETH), and select stablecoins as collateral to access over 150 perpetual futures markets, enhancing speed, flexibility, and capital efficiency. The platform reported strong institutional demand for this service, which includes risk controls like haircuts on collateral assets to maintain EU compliance standards.
Additionally, Kraken leverages a UK-regulated Multilateral Trading Facility (MTF) to provide a unified global liquidity pool, improving trade execution and market depth for European clients. The exchange offers up to 10x leverage and supports advanced strategies, such as hedging without selling underlying assets, further cementing its role in Europe's evolving crypto financial ecosystem.
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