[Kraken Launches BTC and ETH Options Trading, Expands Institutional-Grade Crypto Derivatives Services] According to an official announcement from Kraken, Kraken Pro has introduced European-style cash-settled options contracts for Bitcoin (BTC) and Ethereum (ETH) to eligible professional and institutional clients. The new contracts feature a linear structure and are settled in USD, with initial support for weekly, monthly, quarterly, and semi-annual expirations, traded via a Request for Quote (RFQ) mechanism. The platform enables portfolio margining by default, with a unified wallet shared across spot, futures, and options trading, supporting over 30 currencies as collateral. Kraken stated that it plans to launch a public order book, expand asset coverage, and expects to open access to the European market in the second half of 2026.