Kraken Shakes Up the Trading World with New Forex Perpetual Futures

Kraken just dropped a bombshell on the trading scene, launching forex perpetual futures on its derivatives platform. They're not just sticking to crypto anymore; they're going big!

The exchange rolled out the red carpet for forex perpetual futures, kicking things off with EUR/USD and GBP/USD trading pairs. Get ready to dive in!

These forex perpetual futures are the real deal, letting traders bet on currency price swings without worrying about expiration dates. Kraken's making a bold move into traditional finance, giving clients up to 20x leverage on the world's hottest currency pairs. It's game-changing!

The FX perps are tied to DxFeed's Composite Forex Index, so you can trade around the clock without any pesky expiries cramping your style.

Jump into the action 24/7 through Kraken Pro, though the index prices only update during the traditional forex market hours. Keep your eyes peeled!

And that's not all—Kraken just announced commission-free trading for stocks and ETFs too. They're on a mission to expand their empire beyond crypto, and they're not holding back!

FX Spot Trading: Kraken's Crypto Empire Strikes Back

Alexia Theodorou, Kraken's Head of Derivatives, says this launch is just the beginning. Kraken's already a powerhouse in FX spot trading within the crypto world, and they're not slowing down.

"We're taking our top spot in FX spot and turning it into a powerhouse with these FX perps. It's a game-changer for our clients, and we're expanding like never before," Theodorou declared. Kraken's not just playing; they're dominating!

In 2024 alone, Kraken clients threw down $5.4 billion in FX spot markets, with EUR/USD and GBP/USD making up a whopping $3.5 billion of that. The numbers don't lie; Kraken's on fire!

With FX perps, you can execute strategies tighter than ever and trade non-stop. Plus, Kraken's got your back with safeguards like zero funding during stale pricing and price collars to keep trades within a 4% range. It's all about protecting your moves!

But wait, there's more! Kraken's not stopping here. They're planning to expand their FX perp offerings and reach more corners of the globe in the coming months. They're bridging the gap between crypto and traditional finance, and they're doing it with style!