Kraken Expands into Traditional Markets with 24/7 FX Perpetual Futures

Cryptocurrency exchange Kraken has made a significant move into traditional financial markets by launching FX perpetual futures, enabling round-the-clock trading for major forex pairs like EUR/USD and GBP/USD. This development marks a strategic expansion for Kraken, blending crypto-native infrastructure with traditional forex trading to cater to institutional and professional traders.

Kraken Launches FX Perpetual Futures for 24/7 Forex Trading

Crypto exchange Kraken has expanded into traditional markets with the launch of FX perpetual futures, offering round-the-clock trading for major forex pairs such as EUR/USD and GBP/USD. These futures contracts have no expiry and operate 24/7, similar to crypto futures. Kraken is targeting institutional and professional traders looking for deeper exposure to fiat markets through a crypto-native platform. This move comes as crypto and traditional financial markets increasingly converge. Recently, Kraken also launched commission-free trading for U.S.-listed stocks and ETFs.

Kraken Launches FX Perpetual Futures with EUR/USD and GBP/USD Trading Pairs

Kraken has expanded its derivatives platform to include forex perpetual futures (FX perps) with initial support for EUR/USD and GBP/USD trading pairs. These derivative contracts allow traders to speculate on price changes of foreign exchange currencies, offering the advantage of no expiration date. The move marks the crypto exchange’s expansion into traditional financial markets, providing clients with Leveraged access of up to 20x to two of the world’s most traded currency pairs. The FX perps are perpetual contracts benchmarked against DxFeed’s Composite Forex Index, enabling real-time trading without expiries. Traders can place orders 24/7 via Kraken Pro.