On April 18, the Cryptocurrency Exchange octopus introduced the Perpetual Futures contracts within the Kraken Pro platform and continued to present the dealers to the worldwide currency markets.
According to an announcement by the corporate, the primary two everlasting forex futures available on the platform are the contracts for the Euro-US $ (EUR-USD) and the British Pound-US dollar (GBP USD) contracts.
Both contracts have a 20 -fold lever and no expiry date, which implies that in contrast to standard futures contracts which have an expiry date, they do not need to be rolled or enclosed by a period.
Kraken's move is the newest in quite a lot of extensions from the corporate because he tries to blur the border between digital assets and traditional financial products – a trend that reflects within the crypto industry.
EUR-USD price campaign. Source: Tradingview
Kraken sunk its tentacles into tradfi markets
Kraken performed the Spot Forex, which, excluding the United States, acted to customers in March 2020.
The start gave crypto dealers access to nine large currency pairs on the platform, including euros, US dollar, Canadian Dollar, Japanese Yen, Pound and Swiss Franc Pairs.
The Crypto Exchange in March signed an agreement on the acquisition of Ninjatatrader, a platform for retail, for 1.5 billion US dollars.
The deal is predicted to be accomplished in the primary half of 2025 and positions to supply Kraken so as to offer US residents crypto -futures trade.
https://www.youtube.com/watch?v=pfpbegxabpo
Mastercard and octopuses teamed up in April to publish a Crypto debit card with which the owners can issue cryptocurrencies in standard retail transactions.
On April 14, the stock exchange introduced the stock and ETF trade in chosen US states, including New Jersey, Connecticut, Wyoming, Oklahoma, Iowa, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.
According to Kraken reports reportedly, a capital increase of as much as 1 billion US dollars is observed, as the corporate exposes, in response to a Bloomberg report published in March.
When Kraken's IPO plans come about, the general public offer will probably happen in the primary quarter of 2026, reported Bloomberg.
