Cryptocurrency exchange Kraken has launched cryptocurrency derivatives trading services in its second largest market, the UK. This product is only available to 'professional clients' as defined by the UK's Financial Conduct Authority (FCA). Kraken's head of derivatives, Alexia Theodorou, stated that crypto derivatives will be offered through Kraken's Multilateral Trading Facility (MTF), which is operated by Crypto Facilities, the first crypto company to receive MTF authorization from the FCA in 2020. Kraken acquired Crypto Facilities in 2019 for over $100 million. Recently, Kraken also acquired a MiFID II entity in Cyprus and NinjaTrader in the US. (TheBlock)