Kraken has introduced CFTC-regulated crypto spot margin trading services for U.S. retail users, allowing trading with up to 10x leverage. This launch comes shortly after Kraken's parent company, Payward, acquired Bitnomial, a Chicago-based crypto derivatives platform. The acquisition aims to expand Kraken's offerings to include regulated spot margin, perpetual futures, and options products in the U.S. Previously, U.S. retail users had limited access to such products, often resorting to offshore platforms. With this development, Kraken strengthens its position in the regulated derivatives market, aligning with its broader strategy to expand its institutional and derivatives business globally. Payward has also submitted a confidential draft of its S-1 registration statement to the SEC, indicating potential plans for a public listing.