Kraken Launches Perpetuals Trading Product for Cryptocurrency Futures
Kraken, a US-based crypto exchange, launched "Perps" on Sept. 11, allowing users to trade cryptocurrency futures by predicting price movements.
Perps enable trading without owning the underlying asset and can be exited at any time, with availability for over 300 assets including Bitcoin.
The service is accessible to eligible traders in select markets, though specific market details are unclear.
This launch follows the introduction of Kraken's xStocks service in Europe, which offers tokenized trading of real-world assets like tech stocks, now compliant with EU regulations.
Both initiatives are part of Kraken's strategy ahead of a potential IPO in 2026, as the company seeks $500 million in funding.
Kraken previously considered an IPO in 2021 but did not proceed. An FBI investigation into founder Jesse Powell ended without charges in 2023.
