Right this moment we’re thrilled to introduce an asset class that brings the world’s largest monetary markets to Kraken Derivatives — FX perpetual futures (FX perps).
Our first 5 perps — EUR/USD, GBP/USD, AUD/USD, JPY/USD and CHF/USD — are launching at as much as 50x leverage. This providing offers you an identical seamless, intuitive buying and selling expertise you’re accustomed to from our 300+ crypto perpetuals inside Kraken Professional.
Alexia Theodorou, Kraken Head of Derivatives: “Kraken has lengthy been one of many main FX spot venues in crypto. By introducing FX perps, we’re capitalizing on this market-leading place by offering purchasers with a robust new software to raised navigate and tailor publicity to among the most generally traded forex markets in crypto immediately.
This expands the variety of alternatives obtainable for Kraken purchasers to seize worth throughout a wider vary of asset lessons, all from one platform.”
What are FX perps?
FX perps are perpetual contracts primarily based on foreign exchange market indices, benchmarked to DxFeed’s Composite Foreign exchange Index. These contracts commerce with out expiry, enabling merchants to remain engaged within the foreign exchange market, refine methods and seize alternatives in actual time.
How FX perps work
- Actual-time underlying information
FX Perps replace each second when the underlying foreign exchange spot market is open. Merchants could make selections primarily based on probably the most up-to-date market actions. - Market closure guidelines
When the underlying foreign exchange spot market is closed, particular measures keep equity and market integrity:- Zero funding: No payouts are made if the index value turns into stale, except greater than 50% of the required premium observations are recorded inside a interval.
- Value collar restriction: Orders can solely be positioned inside a 4% vary of the final noticed index value to stop trades occurring outdoors affordable market bounds.
- Seamless buying and selling expertise
FX perps stay throughout the Kraken Professional platform’s acquainted interface. Except for particular guidelines throughout market closures, they behave identical to different perpetual contracts, making it straightforward for each new and skilled merchants to get began straight away. - 24/7 buying and selling
FX perp markets are open 24/7, nevertheless they replicate conventional market hours in the case of value updates. You possibly can place trades at any time, however the index pricing will comply with the usual open and shut for foreign exchange markets.
Geography and market availability
We’re launching FX perps in eligible markets immediately, with plans to develop to extra geographies quickly. Keep tuned as we work to deliver these merchandise to further markets, opening up much more avenues for merchants to entry real-time foreign exchange alternatives.
Why commerce FX perps?
Kraken has been ramping up its presence within the foreign exchange house since first launching FX buying and selling again in March 2020. The truth is, year-to-date 2025, our purchasers have traded $5.7 billion in FX spot markets, together with $4.2 billion concentrated in equal euro, pound, aussie, yen, and swiss pairs. With FX perps, we’re increasing the methods you may work together with vital foreign exchange markets, combining deep market liquidity with a user-friendly platform constructed for collection merchants.
