Kraken launches European-style options for BTC and ETH

Kraken has launched European-style, cash-settled options for Bitcoin (BTC) and Ethereum (ETH) on its Kraken Pro platform, targeting professional and institutional investors. The option contracts feature a linear structure, are settled in U.S. dollars, and offer weekly, monthly, quarterly, and semi-annual expiries. Initial trading will be conducted via a request-for-quote (RFQ) system. Portfolio margin is applied by default, with spot, futures, and options managed within a single wallet. Users can also use over 30 currencies as collateral. The service is scheduled to be offered to European clients in the second half of 2026, pending regulatory confirmation.