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Kraken Plans to Expand in Crypto Derivatives in Wake of FTX Fall
Kraken’s crypto derivatives unit plans to expand its services, targeting a market void left by the collapse of former rival FTX. London-based Crypto Facilities Ltd., which offers leveraged and cash-settled futures contracts in tokens like Bitcoin and Ether for institutional investors, is in talks with the UK’s Financial Conduct Authority to gain permissions that would allow it to custody a broader range of client assets in the country, Chief Executive Officer Mark Jennings said in an interview. Under the UK’s Client Money and Assets rules, also known as CASS, Crypto Facilities would be able to offer futures ... (full story)