Kraken has expanded into traditional markets with the launch of FX perpetual futures, offering 24/7 trading in forex majors and mirroring crypto futures. The exchange is positioning itself to compete more directly with trading platforms like Robinhood in the traditional financial market space.
The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro.
Kraken has expanded into traditional markets with the launch of FX perpetual futures, offering 24/7 trading in forex majors. This move marks a significant development in the crypto exchange’s strategy to serve institutional and professional traders looking for deeper exposure to fiat markets through a crypto-native platform.
Unlike standard forex products, FX perps have no expiry and operate 24/7, mirroring crypto futures. With this addition, Kraken is positioning itself to compete more directly with trading platforms like Robinhood in the traditional financial market space.
The launch of FX perpetuals is part of Kraken’s efforts to deliver a comprehensive platform designed for today’s multi-asset trader. The exchange has recently launched commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening access to traditional financial markets from within the same platform it uses for cryptocurrencies.
Kraken clients have already demonstrated strong demand for FX spot trading, with $5.4 billion in volume traded year-to-date, of which $3.5 billion was in EUR/USD and GBP/USD. The exchange is also teaming up with Mastercard to let crypto holders spend their digital assets at more than 150 million merchants worldwide.
Key Benefits of FX Perpetual Futures
- No expiry dates or time limits
-
24/7 trading for major forex pairs
-
Designed for institutional and professional traders seeking deeper exposure to fiat markets
-
Comprehensive platform for multi-asset traders
FX perpetual futures are a type of derivative contract that allows traders to speculate on the price movement of currencies without taking ownership of the underlying asset.
They are similar to traditional futures contracts but do not have an expiration date, allowing traders to hold positions indefinitely.
This product is popular among retail traders due to its lower margin requirements and flexibility in trading strategies.
What’s Next for Kraken?
With the launch of FX perpetual futures, Kraken is poised to further expand its offerings in traditional financial markets. The exchange will continue to build on its recent U.S. equities launch and the addition of FX perpetuals, providing a unified trading experience that spans crypto, FX, and equities.
About Kraken
Kraken is a leading cryptocurrency exchange that offers a comprehensive platform for traders, investors, and institutions. With a strong focus on innovation and customer support, Kraken continues to push the boundaries of what is possible in the world of digital finance.
