- Crypto exchange Kraken has launched perpetual futures contracts for 10 of its tokenized stocks (xStocks).
- The new derivatives offer up to 20x leverage for 24/7 trading and are available exclusively outside the United States.
- Contracts track major indices like the S&P 500, Gold, and popular stocks including Apple and NVIDIA.
Cryptocurrency exchange Kraken announced this week it has expanded its offerings to include perpetual futures for several of its popular tokenized stocks. This move leverages its xStocks platform, which data shows has already processed over $25 billion in cumulative trading volume since its acquisition last year.
The new perpetual futures contracts track the prices of major indices and seven top US stocks, such as Nvidia and Robinhood. However, these leveraged products are not available to customers based in the United States, reflecting ongoing regulatory complexities. The tokens themselves are fully asset-backed but do not confer actual stock ownership.
Consequently, traders in permitted regions can now take long or short positions with leverage of up to 20 times. A key mechanism in these perpetual contracts is an eight-hour funding fee paid between long and short position holders. This fee acts to keep the futures price aligned with the underlying spot market price over time.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
