According to ChainCatcher, citing Cointelegraph, cryptocurrency derivatives company STS Digital has announced the launch of its digital asset structured products platform, with Kraken as its first distribution partner.
The platform allows clients to use pre-defined return structures and employ options-based strategies. Kraken has integrated the platform via its API and leverages it to support its dual-investment product, which offers eligible clients a fixed return on Bitcoin.
On February 26, STS Digital reportedly completed a $30 million strategic funding round, led by CMT Digital, with Payward, the parent company of Kraken, also participating. The company stated that the funds will be used to expand its crypto options trading platform and institutional market access.
