Crypto Exchange Kraken has launched FX perpetual futures, expanding to traditional markets with 24 -hour operations for the main currency pairs, the company said in a blog post on Friday.
The first contracts, EUR/USD and GBP/USD are now live in Kraken Pro, with more than following.
Unlike standard Forex products, FX Perps does not have a 24 -hour chain and operation, 7 days a week, reflecting future cryptographic.
With FX Perps, Kraken is doubling in institutional and professional merchants seeking deeper exposure to fiduciary markets through a cryptographic platform, the company said.
Cryptographic and traditional financial markets are increasingly convergent.
Kraken recently launched operations without commissions for shares that quote in the United States and funds quoted in the stock market (ETF), opening access to traditional financial markets from the same platform that it uses for cryptocurrencies and positioning themselves to compete more directly with commercial platforms such as Robinhood (Hood).
“Investors expect more and more unified commercial experience that covers crypto, fx and shares. With our recent launch of Variable rental of the United States. And the addition of FX perpetuals, Kraken is delivering a comprehensive platform designed for the merchant of multiple assets today,” said Alexia Theodorou, head of derivatives of Kraken, in comments sent by email.
Kraken customers quoted $ 5.4b on FX Spot Volume to date, with $ 3.5B in EUR/USD and GBP/USD.
The exchange is being associated with Mastercard to let cryptographic headlines in the United Kingdom and Europe spend their digital assets on more than 150 million merchants worldwide, Mastercard said earlier this month
Read more: Kraken joins Mastercard to present cryptographic debit cards
Discharge of responsibility: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy.
