Kraken has launched a new trading application, Kraken Perps, giving retail investors 24/7 access to perpetual contracts across cryptocurrencies. Unlike standard futures, perps do not expire, allowing traders to hold positions indefinitely provided they maintain margin requirements.
The product allows long or short bets without needing to hold the underlying crypto asset, expanding participation for those who prefer not to buy coins directly. At launch, positions can be collateralized with USD balances, with more options expected later. Kraken has also built in risk management tools, including stop-loss orders, to protect traders from sharp market swings.
Perpetual contracts have been a key part of crypto derivatives since their introduction by BitMEX in 2016. Kraken’s entry into the space comes as the firm prepares for a potential 2026 public listing, which could be among the largest since Coinbase. The new product reflects both demand for derivatives and Kraken’s broader ambitions in global crypto markets.
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