Cryptocurrency exchange Kraken has expanded its services in the United Kingdom with the launch of derivatives trading. The company is targeting professional investors in what constitutes the company’s second-largest market. The new offering has been gradually introduced in recent weeks and is now available to all qualifying clients who complete a specific onboarding process.
Kraken’s new offering is only for professional clients
Access to these derivative products is restricted to “professional clients” as defined by the U.K. Financial Conduct Authority (FCA). Kraken has identified derivatives as a key growth area. These products account for approximately 70% to 75% of total cryptocurrency trading volume across the market.
According to Alexia Theodorou, Kraken’s head of derivatives, while spot and derivatives volumes are currently balanced on the platform, “crypto derivatives are growing at a faster pace than spot” in the broader market.
“That’s why we are doubling down on derivatives, given the trends and ratios that we see as more and more institutional clients are entering the space,” Theodorou explained. The top cryptocurrency exchange considers it a big investment from their end in the UK.
The derivatives services are being offered through the Kraken Multilateral Trading Facility (MTF). It is a regulated platform operated by Crypto Facilities, which became the first crypto firm to secure an MTF license from the FCA in 2020. Kraken acquired Crypto Facilities in 2019 in a deal valued at over $100 million. Clients will access these services through Kraken’s futures broker based in Bermuda.
In a bold prediction at Token2049, Eric Trump, the second son of US President Donald Trump and executive vice president of the Trump Organization, forecasted the potential emergence of a crypto era. According to Eric, cryptocurrencies are poised to disrupt the traditional financial system, especially the “broken” SWIFT payment system.
Crypto To Disrupt SWIFT, Says Eric Trump at Token2049
Speaking at Token2049, a global crypto conference series, Eric Trump shared insights on the potential growth of the crypto industry, replacing the traditional financial system. Citing its limitations like slow processing speed, high cost, and limited accessibility, Trump forecasted the demise of SWIFT (Society for Worldwide Interbank Financial Telecommunication).
Further, Eric highlighted the advantages of crypto over the SWIFT payment system. As per Eric’s statement, cryptocurrencies are “easy to move and accessible to anyone.” For him, cryptocurrencies have become a game-changer. Reinforcing his argument, Eric stated that the modern financial system is inadequate and “absolutely broken.”
Recently, Eric Trump issued a stark warning that global banks may collapse within a decade if they fail to integrate cryptocurrency. Criticizing existing payment systems like SWIFT, he posited, “SWIFT is an absolute disaster.”
Cardano (ADA), after experiencing a notable price drop yesterday, is recovering as the asset has successfully retested the crucial support area of $0.70. Despite the ongoing recovery, the asset has still recorded a price drop of over 8% in the past 24 hours and is currently trading near $0.744.
Cardanon (ADA) Technical Analysis and Upcoming Levels
According to expert technical analysis, ADA is poised for a potential price surge in the coming days. After successfully retesting the crucial support level, the asset has begun moving upward.
Based on recent price action and historical momentum, if ADA holds this support level, there is a strong possibility it could soar by 10% to reach the $0.81 level in the upcoming hours.
Source: Trading View
Currently, the asset is facing resistance from the 200 Exponential Moving Average (EMA) on the four-hour time frame. If it breaches this level, ADA could reach the predicted target soon.
Liquidation Levels & Market Impact
With this ongoing price recovery, traders’ short positions worth $6.67 million are on the verge of liquidation as the price continues to recover.
As of now, the major liquidation levels are near $0.728 on the lower side and $0.754 on the upper side, as intraday traders are over-leveraged at these levels. However, these over-leveraged positions will be liquidated if the asset’s price moves in either direction.
Source: Coinglass
$25 Million ADA Outflow Signals Accumulation
Besides traders’ over-leveraged positions, long-term holders seem to be taking advantage of the current market sentiment as they continue accumulating tokens, according to on-chain analytics firm Coinglass.
Data from spot inflow/outflow reveals that, in the past 48 hours, exchanges have witnessed an outflow of a significant $25 million worth of ADA tokens.
These substantial outflows from exchanges indicate potential accumulation, which could create a buying opportunity and further drive an upside rally. With strong bullish participation from traders and investors, ADA’s 24-hour trading volume has surged by 55%, reflecting increased market activity.
When combining these on-chain metrics with technical analysis, it appears that bulls are back to support ADA, potentially driving further upside momentum.
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Cardano (ADA), after experiencing a notable price drop yesterday, is recovering as the asset has successfully retested the crucial support area of $0.70. Despite the ongoing recovery, the asset has still recorded a price drop of over 8% in the past 24 hours and is currently trading near $0.744. Cardanon (ADA) Technical Analysis and Upcoming …
Hedera (HBAR) enters May in a fragile yet potentially explosive technical setup, with futures activity cooling and price movements closely tied to Bitcoin’s momentum. HBAR Futures volume remains subdued, suggesting a decline in speculative interest compared to earlier this year.
Meanwhile, HBAR continues to track Bitcoin’s performance with amplified volatility. As BTC flirts with the $100,000 level and sentiment shifts bullish, HBAR could either break through key resistance levels and rally toward $0.40—or face a deeper correction if technical support fails.
Low HBAR Futures Volume Points to Cooling Speculation
HBAR Futures volume is currently at $118 million, up from a recent low of $76 million on April 19—its lowest point in the last three months.
This follows a steady decline from much higher levels seen earlier in the year.
Notably, HBAR Futures open interest had peaked at $1.3 billion on March 1 but has not surpassed $300 million since April 12, signaling a significant drop in speculative activity around the token.
Hedera Futures refer to derivative contracts that allow traders to speculate on the future price of HBAR, the native token of the Hedera network. Both retail and institutional participants often use these contracts to hedge risk or take leveraged positions.
Futures volumes and open interest are key indicators of market sentiment and liquidity—higher volumes typically suggest stronger conviction or increased trading activity. At the same time, declining figures may reflect reduced interest or confidence in near-term price action.
The current lower levels suggest HBAR’s recent price movements may have been more influenced by spot demand than leveraged speculation.
Hedera’s High Correlation with BTC Could Drive Next Rally
HBAR has recently shown a high correlation with Bitcoin (BTC), often amplifying the moves of the broader crypto market leader.
When BTC rallies, HBAR tends to rise even more sharply; conversely, HBAR often experiences deeper pullbacks during corrections. This pattern reflects Hedera’s sensitivity to market sentiment and positioning as a higher-beta asset in the crypto space.
As a result, shifts in Bitcoin’s trajectory, especially during periods of strong momentum, can significantly influence HBAR’s price action.
BTC and HBAR Performance in the last 30 Days. Source: Messari.
With Bitcoin up 13% in the past 30 days and now sitting just 6.3% below the $100,000 mark, the next leg higher could have a strong spillover effect on HBAR.
On-chain data shows a recovery in BTC’s apparent demand, while institutional sentiment is gradually improving, with ETF inflows showing early signs of a rebound. If Bitcoin breaks above $100,000, HBAR could benefit from renewed capital inflows and rising market enthusiasm.
Given HBAR’s tendency to outperform BTC in bullish phases, a decisive Bitcoin breakout could be a powerful catalyst for a broader move in Hedera.
Key Levels to Watch as HBAR Faces Bullish Breakout or Death Cross
HBAR price faces a critical technical setup heading into May, with the potential for a sharp move in either direction. On the bullish side, if HBAR can attract strong buying pressure and establish a sustained uptrend, it could climb as much as 123% to reach $0.40.
To do so, the token must first break through a series of key resistance levels at $0.20, $0.258, $0.32, and $0.37—each of which has previously acted as a rejection point during past rallies.
A successful breakout through these levels could signal renewed momentum and broader market confidence in Hedera.
However, downside risks remain firmly in play. HBAR’s EMA lines show signs of an impending death cross—a bearish pattern in which the short-term average moves below the long-term average, indicating that a deeper correction may be ahead.
If this formation is confirmed, HBAR could first test support at $0.16. Failure to hold that level may lead to further losses toward $0.124, and in a more aggressive downtrend, prices could decline to $0.0053.
