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31 March 2020

Kraken Futures to Expand Into Russia After New Hire - CoinDesk

Kraken Futures to Expand Into Russia After New Hire - CoinDesk


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“Russia is the most under-appreciated market in crypto today,” said Kevin Beardsley, head of business development at Kraken Futures.

Crypto-to crypto futures trading is the safest way to enter the market, Beardsley said, as it presents “a relatively low risk of [the exchange being used for] money laundering.”

Barinsky said between 10 percent and 15 percent of the trading volume on the most popular crypto derivatives exchanges like BitMEX, Deribit and Kraken comes from Russian traders, most of whom are professionals

Russian traders might be bringing in from $4 million of trades on Kraken to some $230 million on BitMEX in bitcoin futures trade

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