**News Flash: Kraken Launches Derivatives Platform in Bermuda**

Kraken, a major cryptocurrency exchange, has launched a new derivatives trading platform in Bermuda after securing a Class F Digital Business License from the Bermuda Monetary Authority (BMA). This move follows similar expansions by Coinbase International and HashKey Global.

- **Offerings**: The platform features over 200 contracts, including perpetual and fixed maturity futures, with collateral options in fiat and 30+ cryptocurrencies.

- **Regulatory Environment**: Bermuda's pro-crypto stance, led by Premier E. David Burt, has attracted numerous crypto firms. The BMA's rigorous yet fair licensing process ensures consumer protection and business transparency.

- **Market Impact**: Kraken anticipates significant growth in derivative trading volumes, aligning with the broader market trend.

Eligible customers can now access Kraken's new platform, though specific jurisdictions were not disclosed.