Cryptocurrency exchange Kraken has launched FX perpetual futures for EUR/USD and GBP/USD, marking its first foray into 24/7 forex trading. This new feature, now live on Kraken Pro, bridges traditional forex markets with Kraken’s crypto-native platform, offering continuous trading without expiration.
Key Features of Kraken’s FX Perpetuals:
- 24/7 Trading: Unlike traditional FX products with limited windows, these contracts trade nonstop.
- 20x Leverage: Matches Kraken’s crypto perpetuals, appealing to high-volume traders.
- Real-Time Pricing: Updates every second, benchmarked to DxFeed’s Composite Forex Index.
- Risk Mechanisms: Includes zero funding payouts and 4% order price collars during forex market closures.
Alexia Theodorou, Kraken’s Head of Derivatives, stated:
“FX Perps provide clients a powerful tool to navigate major currency markets within the crypto ecosystem.”
Why This Matters
Kraken’s 2024 FX spot volume hit $5.4 billion**, with **EUR/USD** and **GBP/USD** alone accounting for **$3.5 billion. The perpetual contracts aim to retain these traders by offering seamless access to forex alongside crypto.
Kraken’s Multi-Asset Ambitions
This launch aligns with Kraken’s broader push into traditional finance, including:
- Commission-free U.S. stocks and ETFs (rolled out earlier in 2025).
- Mastercard partnerships for crypto spending in Europe.
👉 Discover how Kraken is reshaping multi-asset trading
FAQ Section
Q: How do Kraken’s FX perps differ from traditional forex contracts?
A: They trade continuously without expiry and offer crypto-style leverage (up to 20x).
Q: What risk controls are in place?
A: Price collars limit trades to 4% of the last index price during forex market closures.
Q: Can I trade FX perps alongside crypto on Kraken?
A: Yes—Kraken Pro’s unified interface supports both asset classes.
Key Takeaways
- Kraken targets active traders seeking integrated crypto/forex exposure.
- EUR/USD and GBP/USD dominate initial offerings, with potential for expansion.
- The move underscores Kraken’s shift toward multi-asset accessibility.
👉 Explore Kraken’s trading innovations
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