Kraken MTF, the derivatives trading arm of Kraken, has joined ClearLoop, the collateral management and settlement network of cryptocurrency custody specialist Copper. Kraken MTF is a London-based Crypto Facility that the exchange acquired five years ago and is regulated by the UK's Financial Conduct Authority (FCA). The multilateral trading facility is not for retail investors and offers token-backed futures contracts for Bitcoin, Ethereum, XRP, Litecoin and BCH. " In May, ClearLoop processed 10.60 million transactions with a nominal volume of $64.60 billion.