In the present day we’re thrilled to introduce an asset class that brings the world’s largest monetary markets to Kraken Derivatives — FX perpetual futures (FX perps).
The primary two perps launching at 20x leverage are EUR/USD and GBP/USD, with extra foreign exchange pairs on the best way quickly. 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 higher navigate and tailor publicity to among the most generally traded foreign money 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 knowledge
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 worth turns into stale, except greater than 50% of the required premium observations are recorded inside a interval.
- Worth collar restriction: Orders can solely be positioned inside a 4% vary of the final noticed index worth to forestall trades occurring exterior affordable market bounds.
- Seamless buying and selling expertise
FX perps reside throughout the Kraken Professional platform’s acquainted interface. Other than particular guidelines throughout market closures, they behave similar to different perpetual contracts, making it simple for each new and skilled merchants to get began instantly. - 24/7 buying and selling
FX perp markets are open 24/7, nevertheless they mirror conventional market hours relating to worth updates. You’ll be able to 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 convey these merchandise to extra 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 area, and thus far in 2025 alone, our purchasers have traded $5.4 billion in FX spot markets, together with $3.5 billion concentrated in EUR/USD and GBP/USD pairs. With FX perps, we’re increasing the methods you’ll be able to work together with these important foreign exchange pairs, combining deep market liquidity with a user-friendly platform constructed for efficiency.
