Whalesbook
Ab ye deal kaafi important kyun hai? Toh suno, Kraken chahta tha ki US mein hi crypto derivatives ka jo bada volume offshore chal raha hai, use onshore laaya jaaye. Ye CFTC licenses milne se woh regulatory hurdles paar kar payenge aur individuals aur institutions ko ek compliant US option de payenge.
Aur bhai, crypto derivatives market kitna bada hai pata hai? Early 2026 tak ye total market volume ka 73.2% tha, aur 2025 mein toh global trading volume $85.7 Trillion tak pahunch gaya tha. Kraken ka aim hai iss market ka ek bada hissa pakadna, jo ab tak mostly offshore platforms par hi chal raha tha.
Ab competition bhi zordaar hone wala hai. Coinbase apne 'Everything Exchange' strategy par hai, aur Gemini ne bhi key CFTC licenses liye hain. Ye acquisition Kraken ko Coinbase (jiski valuation $45.11 Billion hai aur P/E ratio 43.56 hai) aur Gemini jaise players ke khilaf ekdum strong bana deta hai. Asal mein, CFTC ab spot market par bhi zyada dhyan de raha hai.
Lekin bhai, sab kuch itna smooth nahi hai. Payward ne apne IPO plans bhi postpone kar diye hain kyunki market conditions theek nahi hain aur sector mein demand kam hai. Aur ye sab regulated infrastructure banane mein paisa bhi bohot lagta hai, jiska valuation $20 Billion hai. Plus, offshore exchanges abhi bhi 97% derivatives volume handle karte hain, toh unse users ko yahan lana ek challenge hoga. Crypto market ki volatility bhi ek factor hai, jaise Bitcoin mein 44% ka drop dekhne mila tha late 2025 mein.
Toh aage kya plan hai? Kraken jaldi hi spot margin trading launch karega, uske baad perpetual futures aur options bhi. Ye sab regulated tareeke se hoga, jo institutional aur sophisticated retail investors chahte hain jo regulatory certainty dhoondh rahe hain.