Kraken launches CFTC-regulated cryptocurrency spot margin trading for US retail users.

According to a report by The Block on May 6th, TechFlow TechFlow, Kraken has launched cryptocurrency spot margin trading regulated by the U.S. Commodity Futures Trading Commission (CFTC) for U.S. retail users. Users can use their cryptocurrency holdings as collateral for leveraged trading up to 10x without having to sell assets first to obtain liquidity. This product is the first launched by Kraken's parent company, Payward, based on Bitnomial's license after its acquisition of the cryptocurrency derivatives platform. Payward previously stated that it will also launch regulated perpetual contracts and options products for U.S. users in the future.