Kraken futures now allow Bitcoin, Ethereum and approved Stablecoins as collateral on Kraken Pro, offering up to 10x leverage under EU licences in an announcement dated Nov 3, 2025.
How will Kraken futures crypto collateral operate under MiFID II and MiCA?
Kraken says the product is built to meet MiFID II and MiCA requirements for eligible professional clients across the EU. As reported, “the offering is designed to be compliant with both MiFID II and MiCA frameworks and targets professional EU clients.” Industry analysts say that alignment with both frameworks can reduce legal friction for institutional participants while preserving market safeguards.
What licensing and oversight apply?
The feature is offered under a Markets in Crypto-Assets licence from the Central Bank of Ireland and carries oversight from the Cyprus Securities and Exchange Commission. That dual supervisory footprint positions Kraken within EU regulatory reach rather than outside it, with exchange-level controls layered over statutory supervision.
What assets qualify for Kraken futures BTC ETH collateral and stablecoin futures trading on Kraken Pro?
Traders can post Bitcoin, Ethereum and approved stablecoins as margin across the perpetual product set. Eligible assets are subject to volatility-based margin haircuts and are converted to USD for liquidation and margin calculations to standardise risk metrics.
How is collateral and leverage managed?
Positions can use up to 10x leverage and are available across more than 150 perpetual futures markets on Kraken Pro. Volatility-based haircuts aim to limit sudden funding gaps; users should consult Kraken Pro for the exact haircut schedules and the list of eligible Stablecoins before trading.
Do EU crypto derivatives from regulated crypto exchanges change the risk profile for traders?
Regulation and exchange-level controls can reduce certain counterparty risks, but leverage and derivative margining continue to amplify exposure. Kraken’s announcement follows a quarter in which the firm reported Q3 revenue of $648 million, a 50% increase from Q2, and the recent acquisition of NinjaTrader, underscoring its push into derivatives.
What should investors consider?
Market participants should weigh leverage, haircut regimes and the USD-conversion mechanics that govern liquidation. Institutional adoption may rise with clearer rules, yet realised risk will depend on intraday volatility and counterparty procedures.
Tip: Verify eligible Stablecoins and haircut tables in your jurisdiction before using crypto collateral.
What is the takeaway for traders about Kraken futures?
In brief: the launch brings crypto-collateral perpetuals to a regulated EU venue, centralising collateral on Kraken Pro with standardised USD conversion and volatility haircuts. Regulated access and familiar collateral options arrive with up to 10x leverage, but margin rules and market risk remain material considerations for leveraged traders.