Kraken launches FX perpetual futures, starting with EUR/USD and GBP/USD

Kraken introduced a new asset class to its derived platform in order to extend the anterior crypto.

The exchange announcement The launch of Forex Perpetual Futures (FX Perps) with an initial support for EUR / USD and GBP / USD trading pairs.

Forex perpetual term contracts are a form of derivative contract allowing traders to speculate on changes in exchange currency price (Forex), offering the advantage of the expiration date. This decision marks the expansion of the Exchange crypto on the traditional financial markets, offering customers access to leverage – up to 20x – two of the most negotiated currency pairs in the world.

The FX PERPS are perpetual contracts compared with respect to the DXFED Forex Composite index, allowing the exchanges in real time without expirations.

Merchants can place orders 24/7 via Kraken Pro, although the prices of the clues update only during traditional Forex market hours.

Kraken recently announced The negotiation without commission against shares and funds negotiated on the stock market, expanding its suite of products beyond the crypto.

TRADING SPOT FX in cryptographic space

According to Kraken Head of Derivatives Alexia Theodorou, the launch is based on Kraken’s position as a high place FX within the crypto ecosystem.

“By introducing FX Perps, we capitalize on this peak position by providing customers with a new powerful tool,” she said, noting that the product extends the scope of Kraken between the asset classes.

In 2024, Kraken customers exchanged $ 5.4 billion in the FX, EUR / USD and GBP / USD ad hoc markets representing $ 3.5 billion in this volume.

FX Perps allows the execution of the stricter strategy and continuous access to the market, while incorporating guarantees such as zero funding during expired prices and price necklaces to prevent transactions outside a range of 4%.

Kraken plans to expand its FX Perp offers and its geographic availability in the coming months, continuing its efforts to fill the crypto and the traditional financial markets.