What to know:
In a move that would make even the sneakiest goblin grin, Kraken — that notorious crypto beast — has decided it’s not enough to swim in cash and coins alone. No, it’s diving snout-first into the traditional forex pond with FX perpetual futures. What’s that, you ask? Think of it as a magical never-ending candy bar of trading that never spoils and never closes, even if you’re snoring in your bed.
First up on the plate are those old favourites: EUR/USD and GBP/USD. Now live on Kraken Pro, these babies promise action every tick of the clock — yes, 24/7. Even your pet goldfish could try its luck.
These FX perps don’t have silly expiry dates like a carton of milk. Nope — they keep popping up like cheeky whack-a-moles at a carnival, trading endlessly alongside Kraken’s wild crypto futures.
Kraken is basically saying, “Hey, professional traders and finance wizards, here’s your all-in-one playground! Double the fiat fun, double the crypto chaos.” Institutions can now plunge into the murky waters of fiat currency markets without ever leaving the cozy Kraken nest.
If you thought crypto and vanilla finance were two separate beasts, think again. They’re mashing together faster than a blender on turbo mode — Kraken just rolled out commission-free U.S. stock and ETF trading, aiming to punch Robinhood right in its fancy logo.
“Our traders want a one-stop-shop,” says Alexia Theodorou, Kraken’s head of derivatives, no doubt while juggling flaming swords. “With stocks, crypto, and now FX perps, we’re the Swiss Army knife for today’s market mavericks.”
By the way, Kraken’s clients have already blitzed through $5.4 billion in FX spot volume this year, with the lion’s share gobbled up by EUR/USD and GBP/USD. That’s no small potatoes!
And don’t forget the cherry on top — Kraken has teamed up with Mastercard so crypto holders in the U.K. and Europe can splash their digital loot at over 150 million merchants worldwide. So you can go from trading to buying that absurdly expensive coffee in one smooth swoosh.
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2025-04-18 19:55