Overview
Kraken has officially launched FX perpetual futures, marking a significant enhancement in its offerings that now include round-the-clock trading for leading forex pairs. The first available contracts are for EUR/USD and GBP/USD, now accessible on Kraken Pro.
Key Highlights
- Kraken introduces FX perpetual futures for EUR/USD and GBP/USD.
- The trading is available 24/7, unlike standard forex products that have expiry dates.
This new feature is tailored to meet the needs of institutional and professional traders who seek more comprehensive engagement with fiat markets through a platform that also supports cryptocurrency.
Industry Trends
The convergence between crypto and traditional financial markets is becoming more pronounced. Recently, Kraken has also commenced commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), enhancing its competitive edge against trading services like Robinhood.
Quote
“Investors increasingly expect a unified trading experience that spans crypto, FX, and equities. With our recent U.S. equities launch and the addition of FX perpetuals, Kraken is delivering a comprehensive platform designed for today’s multi-asset trader,” said Alexia Theodorou.
Conclusion
Kraken’s move to offer FX perpetual futures is a pivotal step in its strategy, tapping into the growing demand for diverse trading options in the dynamic market landscape.
