Key Highlights
- Behold, the first fruits of this digital orchard are the spectral likenesses of the S&P 500, Nasdaq 100, Apple, Nvidia, Tesla, and SPDR’s golden calf (GLD), now transfigured into tokens.
- The xStocks tokens, we are told, are as solid as the earth itself-collateralized 1:1, though one wonders if the collateral is merely a promise whispered into the void.
In an act of financial sorcery, the crypto exchange Kraken hath unveiled regulated perpetual futures contracts for tokenized stocks, casting them into the hands of non-U.S. users across 110+ nations like manna from heaven. This occurred on a Tuesday, a day of no particular significance, unless one counts the collective sigh of overleveraged traders.
These products, dear reader, permit mortals to wager upon digital phantoms of American equities, indices, and a gold ETF, thus expanding Kraken’s menagerie of derivatives post-acquisition of xStocks in December 2025-a transaction as mysterious as the dark side of the moon.
Verily, the xStocks Perps have broadened their dominion. $TSLAx, $AAPLx, $NVDAx, and kin now dance 24/7 upon Kraken’s stage.
Go long, go short, or simply lose your shirt at any hour.
Trade now, for glory and ruin await @xStocksFi ⤵️
– Kraken (@krakenfx) February 24, 2026
Initial offerings and trading features
The exchange’s perpetual futures contracts, unlike those mortal agreements which perish with the setting sun, endure forever-or until margin calls arrive. These spectral stocks include the S&P 500, Nasdaq 100, Apple, Nvidia, Tesla, and GLD. Traders may now leverage their hopes (or delusions) up to 20x, for what is life without risking ruin?
Kraken proclaims these xStocks tokens to be as secure as Fort Knox, backed 1:1 by the assets they mimic. Yet one ponders: when the markets slumber, does the gold ETF dream of Wall Street? And does it matter, so long as the trading never ceases?
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2026-02-24 20:31