Woofun AI reports that cryptocurrency exchange Kraken has introduced USD-settled BTC and ETH options on its Kraken Pro platform. Initially accessible through a Request for Quote (RFQ) mechanism, the product is set to expand to the European market shortly. The exchange intends to broaden the offering by implementing an order book system, increasing regional availability, and adding more assets. Kraken highlighted that current crypto options are predominantly designed for institutional clients, noting a lack of sufficient retail participation in the sector.