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Kraken's First Month Futures Trading Nearly $1 Billion

Liang CHE

Summary: According to coindesk.com, cryptocurrency futures firm Crypto Facilities has seen “growth” in its transactions since it was acquired by Kraken, the US cryptocurrency last month. Sui Chung, head of the company's index and pricing products, said that since Kraken's acquisition of $100 million in early February, futures trading volume has increased by more than 500%. ...

According to coindesk.com, cryptocurrency futures firm Crypto Facilities has seen “growth” in its transactions since it was acquired by Kraken, the US cryptocurrency last month. Sui Chung, head of the company's index and pricing products, said that since Kraken's acquisition of $100 million in early February, futures trading volume has increased by more than 500%. Crypto Facilities is well known in the United States for providing Bitcoin and Ethereum reference rates to CME Group, which lists bitcoin futures contracts.

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