Kraken launches FX Perpetual Futures, starting with EUR / USD and GBP / USD

Kraken introduced a new class of funds to his platform for derivatives in an effort to expand past crypto.

Exchange announced Launch forex perpetual futures (FKS Perps) with initial support for EUR / USD and GBP / USD Trading Couples.

Forex percuet futures is a form of contract derivatives that allows traders to speculate on foreign currency changes (forex) currency, offering an advantage without the expiration date. The move indicates the spread of CRIPTO Exchange into traditional financial markets, offering clients that are connected to 20k to two most wanted currency pairs in the world.

FKS Perps are constant contracts in accordance with DXFeed composite forex indices, allowing real-time trade without deadline.

Traders can set orders 24/7 via Crken Pro, although index prices only update during traditional in forex market hours.

Kraken recently announced Trading without a commission for supplies and exchanges, expands its own apartment for the product outside CRIPTO.

FX SPOT trading within the CRIPTO SPACE

According to the KRAK, the Head of the Alekia Theodorou, launch, builds at Kraken, which stands as a top spot during the FX Spot within the CRIPTO ecosystem.

“With the introduction of FKS Perps, we capitalize on this market position by providing customers with a powerful new tool,” she said, noting that the product expands Kraken’s reach over the teaching of funds.

In 2024. years, Clients of Klaken traded $ 5.4 billion in FKS Spot markets, with EUR / USD and GBP / USD, making up 3.5 billion in the volume.

FKS Perps enable a stronger execution of strategy and continuous market access, while including protective measures such as zero funding during objective prices and price collar to prevent stores outside 4% range.

Kraken plans to expand his FKS gradual and geographical availability in the coming months, continuing its efforts to transfer crypto and traditional financial markets.