The Crypto Exchange Kraken has launched, for example, Perpetual Futures and expanded to traditional markets with trading around the clock for larger forex pairs, the company said in a blog post on Friday.
The first contracts, EUR/USD And GBP/USD, is now live on Kraken Pro, with more to follow.
Unlike standard Forex products, for example, -PERPS has no outlet and drives 24/7, mirroring crypto -futures.
With FX-Perps, Kraken doubles to operate institutional and professional dealers looking for deeper exposure to Fiat markets through a crypto-native platform, the company says.
Crypto and traditional financial markets are increasingly converting.
The Kraken recently launched commission-free trade for US-listed shares and stock-traded funds (ETFs), opening access to traditional financial markets within the same platform it uses for Cryptocurrencies and placing itself to compete more directly with trading platforms such as Robinhood (Hood).
“Investors are increasingly expecting a unified trading experience that spans crypto, eg and shares. With our recent US shares launch and addition of FX-Vigner, Kraken delivers a comprehensive platform designed for today’s multi-massage,” said Alexia Theodorou, head of derivatives at Kraken, in e-mail comments.
Kraken clients traded $ 5.4b in eg spot volume year to date with $ 3.5B of it in EUR/USD and GBP/USD.
The exchange is working with MasterCard to allow crypto holders in the UK, and Europe is using their digital assets of more than 150 million merchants around the world, MasterCard said earlier this month
Read more: KRAKEN is going along with MasterCard to introduce crypto card cards
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
