Kraken has introduced a new class of assets in its derivative platform in an effort to expand past cryptography.
The exchange announced The launch of Forex Perpetual Futures (FX PERPS) with initial support for negotiation pairs EUR/USD and GBP/USD.
Forex’s perpetual future are a derivative contract form that allows the specular operators on the currencies of currency change (Forex), offering the advantage of not an expiration date. The measure marks the expansion of encryption exchange in traditional financial markets, offering customers leverage, up to 20 times, two of the most negotiated currency pairs in the world.
FX perps are perpetual contracts compared to the DXFEED compound currency index, which allows real -time trade without expiration.
Merchants can make orders 24 hours a day, 7 days a week through Kraken Pro, although index prices are only updated during traditional currency market hours.
Kraken Recently announced Trade without commissions for shares and funds quoted in the stock market, expanding its product suite beyond cryptography.
FX Spot Commerce within cryptographic space
According to the head of Kraken derivatives, Alexia Theodorou, the launch is based on Kraken’s position as a higher place in the FX place within the cryptographic ecosystem.
“By introducing FX Perps, we are capitalizing this leading market position by providing customers with a new powerful tool,” he said, noting that the product expands Kraken’s reach in asset classes.
In 2024, Kraken customers quoted $ 5.4 billion in FX spot markets, with EUR/USD and GBP/USD, which represents $ 3.5 billion of that volume.
FX Perses allow a stricter strategy execution and continuous access to the market, while incorporating safeguards such as zero funds during rancid prices and price necklaces to avoid operations outside a range of 4%.
Kraken plans to expand its offers of FX PERP and geographical availability in the coming months, continuing its effort to close cryptography and traditional financial markets.