Cryptocurrencies haven't yet come into widespread use as true currencies, such as how fiat currencies like the United States Dollar, for example, are currently used by true consumers. Cryptocurrencies and similar digital coins are still widely used as investments.

Further separating these quasi-currencies from true currencies is the fact that the majority of their utilization as currencies is done to cover people's tracks who are involved in black-market good and service exchange.

Kraken is both a company and cryptocurrency exchange that has been in operation since 2011. This platform supports the cashing out of cryptocurrencies such as Bitcoin to fiat currencies such as the U.S. Dollar, the Euro, the Japanese Yen, and the Canadian Dollar.

Looking back to when Kraken added cryptocurrency futures trading

Futures are forms of investments that work like this: people guess whether the price of currencies, stocks, bonds, cryptocurrencies, or other financial instruments will be greater or less than a price listed by the futures available for sale.

Assume the fictional BobbyCoin trades for $1,000 U.S. Dollars right now. Kraken's future-trading feature offers the option to purchase BobbyCoin one year in the future, on Nov. 21, 2020, for $1,100.

On Nov. 21, 2020, BobbyCoin ends up trading for $2,000 in terms of U.S. Dollar.

Assuming you buy this future from Kraken today, on Nov. 21, 2019, you'll have secured the ability to exchange BobbyCoin for USD at a big-time profit.

News from Kraken about its future-trading options

Earlier today, on Nov. 21, 2019, Kraken - the company, not the crypto-to-fiat exchange platform, shared in an official press release on its blog that it would soon be coming out with a new way of buying futures via the exchange's mobile app.

This mobile means of buying futures is called Kraken Futures, which was created behind closed doors by the company after it bought Cryptofacilities. The assets acquired from Cryptofacilities gave Kraken's web-based exchange the ability to sell futures.

People who want to use Kraken Futures, a mobile app for both iOS and Android devices, can sign in with QR code scans for added security. They'll also be able to see current price charts, as well as manage current future positions.

Kraken, as an incentive for users' involvement in Kraken Futures, will pay out three-tenths of the app's collective receipt of fees drawn in from people's purchase of futures. The more they buy futures, the more they'll receive.