STSDigital launches structured cryptocurrency platform Kraken is its first distribution partner

According to Cointelegraph, cryptocurrency derivatives company STSDigital said it has launched a digital asset structured product platform and Kraken is its first distribution partner.<br /> The platform allows customers to use pre-defined revenue structures and adopt options-based strategies. Kraken has integrated the platform through APIs and used it to support its dual investment product, which provides fixed income in Bitcoin to eligible customers.<br /> It is reported that on February 26, STSDigital completed a round of strategic financing of US$30 million, led by CMTDigital, and Kraken's parent company Payward also participated in this round of financing. The company said the funds will be used to expand access to its crypto options trading platform and institutional markets.