Options are now available on Kraken Pro in the EEA

TL;DR Eligible clients in the EEA can now trade BTC and ETH options on Kraken Pro, on web and mobile, from their existing Derivatives account.

Options are European-style, cash-settled, and linear in USD, so premium, PnL, and settlement are all in dollars.

Portfolio margin is on by default, and options share the same collateral as Futures, with 30+ currencies accepted.

Options trade through request for quote (RFQ), with up to five legs per trade, and clients complete a questionnaire to unlock options.

Futures give you one dimension: price.

Options give you three: price, volatility, and time.

Eligible clients in the EEA can now use all three on Kraken Pro, with BTC and ETH options available from the same Derivatives account they already use for Futures.

Options let you express a view on how far the market might move, how quickly, or whether it moves at all, not only which way.

Used well, they can help you hedge existing exposure or trade a move without having to pick a direction.

They also carry risk, so this guide explains how they work on Kraken Pro.

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