Kraken expands trading options with Forex perpetual futures

Kraken Pro introduced foreign exchange (forex) perpetual futures contracts on April 18, expanding trading options. The initial offerings include euro-US dollar (EUR-USD) and British pound-US dollar (GBP-USD) contracts. These contracts feature 20x leverage and no expiry date, providing traders with continuous exposure to global currency markets. This move follows Kraken's acquisition of NinjaTrader for $1.5 billion in March, expected to finalize in the first half of 2025. On April 14, Kraken also launched stock and ETF trading in select US states. These expansions aim to integrate digital assets with traditional financial products, reflecting a broader trend in the crypto industry.