- Crypto exchange Kraken has expanded into traditional finance with the launch of 24/7 FX perpetual futures, starting with EUR/USD and GBP/USD pairs.
- Unlike standard Forex products, Kraken’s FX perpetuals have no expiry date and operate continuously, mirroring how crypto futures work.
- This move follows Kraken’s recent launch of commission-free stock and ETF trading, positioning the exchange as a comprehensive multi-asset trading platform.
Crypto exchange Kraken has launched forex (FX) perpetual futures, expanding into traditional financial markets with round-the-clock trading capabilities for major currency pairs, according to a company blog post published Friday. The first available contracts are EUR/USD and GBP/USD, with more pairs expected to follow.
Unlike conventional forex products, FX perpetual futures have no expiration date and trade continuously seven days a week, similar to crypto futures contracts. These new offerings are now live on Kraken Pro, the company’s advanced trading platform.
“Investors increasingly expect a unified trading experience that spans crypto, FX, and equities. With our recent U.S. equities launch and the addition of FX perpetuals, Kraken is delivering a comprehensive platform designed for today’s multi-asset trader,” said Alexia Theodorou, head of derivatives at Kraken, in emailed comments shared with the publication.
Strategic Expansion into Traditional Markets
This launch represents Kraken’s continued effort to bridge the gap between cryptocurrency and traditional finance. The company noted that its clients have already traded $5.4 billion in FX spot volume year-to-date, with $3.5 billion specifically in the EUR/USD and GBP/USD pairs – highlighting significant demand for these new perpetual products.
The move comes shortly after Kraken introduced commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs). This expansion positions the crypto exchange to compete more directly with multi-asset trading platforms like Robinhood (HOOD).
Growing Payments Ecosystem
Beyond trading services, Kraken is also enhancing its payments infrastructure. Earlier this month, Mastercard.com/news/Europe/fr-fr/salle-de-presse/communiques-de-presse/fr-fr/2025/kraken-s-associe-a-mastercard-pour-accelerer-l-avenement-des-paiements-en-crypto-actifs-au-royaume-uni-et-en-europe/”>Mastercard announced a partnership with Kraken to enable crypto holders in the UK and Europe to spend their digital assets at more than 150 million merchants worldwide.
By integrating forex, equities, and expanded payment options, Kraken is positioning itself as a comprehensive financial platform that spans both traditional and digital asset classes, reflecting the increasing convergence between these previously separate financial ecosystems.
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