Kraken Expands Futures Platform to Russia
Main page News, Bitcoin, Russia, Exchange, Cryptocurrency Exchanges, Bitcoin-ETF

Cryptocurrency exchange Kraken will expand its futures platform in Russia, iHodl Russia has learned.

The exchange has reportedly attracted the first representative in the Russian market.

Kraken Ex-Employee Sues Exchange for Fraud

The Head of Business Development at Kraken Kevin Beardsley claims Russia owns the most undervalued cryptocurrency market. He added that many technical specialists in Russia make this market especially interesting.

"Although Russia is a leader in the context of creating infrastructure and has a large community, its coverage is relatively small," Beardsley added.

The extension will not include spot trading or any channels to replenish accounts in Russian rubles. Beardsley believes that futures trading in cryptocurrency pairs is the safest tool to enter a new market and carries "relatively low money laundering risks" through the exchange.

Currently, the Kraken Futures platform supports futures for bitcoin (EXANTE: Bitcoin), ether (ETH), litecoin (LTC), bitcoin cash (BCH) and ripple (XRP).

Earlier iHodl reported that Kraken added support for the second-biggest stablecoin in the world USD Coin (USDC) starting January 8.

Access more than 50 of the world's financial markets directly from your EXANTE account– including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error