Kraken Launches BTC and ETH Options in EEA via Cyprus Licence
Kraken has introduced Bitcoin and Ethereum options trading for EEA clients through its Kraken Pro platform.
Kraken has introduced Bitcoin and Ethereum options trading for EEA clients through its Kraken Pro platform. Bitcoin (BTC) is trading at $79,868.00, down 0.1% since this brief published. This is an original TLT brief based on reporting by Finance Magnates, with live market data added, as of Mon, 26 Oct 2026 23:00:06 UTC.
This expansion allows EEA clients to trade crypto options alongside spot and futures, potentially increasing institutional participation and liquidity in the European crypto derivatives market.
- Kraken now offers BTC and ETH options in the EEA through its Cypriot subsidiary.
- Options are cash-settled in USD with various expiry dates available.
- Trading begins via request-for-quote system before wider rollout.
- GCEX Launches Bitcoin and Ether Options for Institutional Clients in the UK
- Kraken Launches BTC and ETH Options in EEA via Cyprus Licence — this brief
Kraken has expanded its derivatives offerings by introducing 
Bitcoin and 
Ethereum options trading for clients in the European Economic Area. This move leverages the MiFID licence held by its Cypriot subsidiary, which was acquired in 2025.
The new options are European-style and based on XBT/USD and ETH/USD pairs, with various expiry dates including weekly, monthly, quarterly, and semi-annual options. These contracts are cash-settled in USD, meaning all financial aspects are calculated in dollars rather than settled in the underlying cryptocurrencies.
The rollout begins with a request-for-quote system, indicating a phased approach to market entry. This system allows Kraken to manage liquidity and risk as it gauges client demand and market response.
The introduction of these options comes at a time when the total crypto market cap stands at $2.74 trillion, with Bitcoin and Ethereum prices showing slight declines over the past 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, remains neutral at 50.
This development is significant as it provides EEA clients with a more comprehensive suite of trading products, potentially attracting more institutional investors and increasing liquidity in the European crypto derivatives market.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $79,948.00 to $79,868.00 — -0.10%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦110.50M (about $79,868.00), down 0.7% over 24 hours. The naira itself trades about 3.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Kraken Launches BTC and ETH Options in EEA via Cyprus Licenc — questions & answers
What crypto options does Kraken now offer in the EEA?
Kraken offers European-style options on XBT/USD and ETH/USD with weekly, monthly, quarterly, and semi-annual expiries.
How are Kraken's new crypto options settled?
The options are cash-settled in USD, with all financial aspects calculated in dollars.
When can EEA clients start trading these options?
Trading begins through a request-for-quote system, with wider availability expected in the future.
How much is 1 Bitcoin worth in naira today?
About ₦110.50M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $79,868.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.10% since this brief first published — trading at $79,868.00 now versus $79,948.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Finance Magnates. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.