Collateral in 2019

This sharp expansion of the over-the-counter (OTC) derivatives market in the second half of 2025 reflects increased their use of risk-management tools against a backdrop of heightened trade tensions, shifting monetary policy expectations and persistent geopolitical uncertainty.

The Japanese financial services giant secured majority ownership of Singaporean crypto exchange Coinhako, marking a second major buyout across South East Asia following last month's Bitbank deal.

The Wyoming-headquartered cryptocurrency platform has introduced bitcoin and ether options on Kraken Pro, expanding its digital asset derivatives offering as it seeks to build out a multi-product trading platform for professional clients.