The Block reported that US cryptocurrency exchange Kraken is offering cryptocurrency spot margin trading services to local users. This service provision comes less than a month after Kraken acquired Bitnomial, a Chicago-based derivatives exchange and clearing house, for $550 million. Previously, US individual investors had to use overseas exchanges to engage in margin trading due to a lack of regulatory compliance. Kraken's spot-collateralized margin trading allows for up to 10x leverage.
