Kraken Launches FX Perpetual Futures for 24/7 Forex Trading

Kraken has launched FX perpetual futures for EUR/USD and GBP/USD, enabling 24/7 trading. This move marks Kraken’s expansion into traditional markets, allowing for continuous trading similar to crypto futures. The trading platform aims to attract institutional traders and has seen significant FX spot trading volumes. Furthermore, Kraken’s collaboration with Mastercard will enable crypto spending at a wide range of merchants.

Crypto exchange Kraken has launched FX perpetual futures, allowing users to trade major forex pairs like EUR/USD and GBP/USD on its Kraken Pro platform, available 24/7. This introduction signifies Kraken’s entry into traditional financial markets, providing continuous trading opportunities similar to those found in crypto futures.

The newly launched FX perpetuals do not have expiry dates, enhancing their appeal for traders accustomed to the flexibility of crypto derivatives. Kraken aims to cater to institutional and professional traders, enabling deeper engagement with fiat markets via its crypto-native environment.

As crypto and traditional markets increasingly overlap, Kraken is stepping up its game. Recently, the exchange also introduced commission-free trading for U.S.-listed stocks and ETFs. This allows traders to access both crypto and traditional finance within a unified platform, striving to compete with platforms like Robinhood.

According to Alexia Theodorou, Kraken’s head of derivatives, the company is responding to the demand for a comprehensive trading experience that spans crypto, foreign exchange (FX), and equities. In 2024, Kraken reported $5.4 billion in FX spot volume, predominantly in the EUR/USD and GBP/USD pairs.

Additionally, Kraken is collaborating with Mastercard to facilitate the spending of digital assets at over 150 million global merchants, expanding the usability of cryptocurrencies for its users in the UK and Europe. This strategic partnership underscores Kraken’s commitment to advancing the integration of crypto in everyday transactions.