Kraken Launches FX Perpetual Futures for 24/7 Forex Trading
Kraken has launched FX perpetual futures, enabling 24/7 trading for major forex pairs like EUR/USD and GBP/USD. This marks an expansion into traditional markets with contracts that do not expire, similar to cryptocurrency futures.
- FX perps cater to institutional and professional traders seeking exposure to fiat markets on a crypto-native platform
- Kraken has also introduced commission-free trading for U.S. stocks and ETFs, enhancing its competitive position against platforms like Robinhood
- In 2024, Kraken clients traded $5.4 billion in FX spot volume, predominantly in EUR/USD and GBP/USD
- Kraken is collaborating with Mastercard to enable crypto spending at over 150 million merchants globally