Kraken’s Derivatives Arm Joins Copper’s Crypto Settlement Network

Kraken MTF, the cryptocurrency exchange’s institution-only derivatives trading arm, has joined crypto custody specialist Copper’s popular collateral management and settlement network, ClearLoop.

Kraken MTF, bought as Crypto Facilities by the exchange some five years ago, is based in London and regulated by the U.K.’s Financial Conduct Authority (FCA). The multilateral trading facility, which does not cater to a retail audience, offers coin-collateralized futures contracts across bitcoin (BTC), ether (ETH), XRP, litecoin (LTC) and bitcoin cash (BCH).