Coinbase and Kraken Expand Trading Instruments

Coinbase has rolled out regulated futures trading for users on its Advanced platform, now available in 26 European nations. This new feature allows traders to access contracts for various digital assets, such as Bitcoin and Solana, as well as stock indices.

The platform provides two types of contracts: long-term contracts with expirations of up to five years and daily settlements, and short-term contracts that expire monthly or quarterly. For Bitcoin, Ethereum, and stock indices, users can leverage their positions up to 10x, while other assets allow up to 5x leverage. The base fee for trading starts at 0.02% per contract.

Kraken and Nasdaq's Tokenized Stocks Initiative

Simultaneously, Nasdaq is collaborating with Kraken to create a platform for the issuance and trading of tokenized stocks, with a launch anticipated in early 2027, as reported by The Wall Street Journal. Token holders will enjoy the same rights as traditional shareholders, including dividends and voting rights, with blockchain technology facilitating these processes and expediting settlements.

Kraken will serve as the distribution partner for this initiative, primarily targeting clients outside the U.S., especially in Europe. This project follows Nasdaq's application to the SEC for permission to conduct parallel trading of traditional and tokenized securities, submitted in September.

Additionally, Nasdaq has partnered with the Centurion platform, part of Boerse Stuttgart Group, to connect European exchanges for settling digital assets. Earlier this year, Kraken also launched its own on-chain platform, xChange, for trading tokenized assets through the Backed project.