Kraken Expands Crypto Trading with Perpetual Contracts and Tokenized Stocks

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TLDRKraken has launched Kraken Perps, a new feature for retail investors to trade perpetual contracts on crypto.The new contracts allow users to speculate on crypto price movements without owning the underlying asset.Kraken Perps does not have an expiration date, offering traders the flexibility to hold positions indefinitely.The feature is integrated into Kraken’s main app, making advanced trading accessible to a wider audience.Kraken’s tokenized equities service, xStocks, now offers over 60 U.S. equities and ETFs to European investors.Kraken has launched a new product, Kraken Perps, aimed at simplifying crypto trading for retail investors. This feature enables eligible users to trade perpetual contracts, offering more flexibility and ease. It allows traders to speculate on crypto price movements without owning the underlying asset.Kraken Launches Perpetual Contracts for Retail AccessKraken Perps introduces a feature for retail investors to access advanced derivative trading tools. Unlike traditional futures, perpetual contracts do not expire, giving traders more control. The contracts let users hold positions as long as they wish, allowing them to adjust exposure when needed.The feature is integrated into Kraken’s main app, making it easily accessible for a broader audience. Kraken said the goal is to make derivative trading intuitive and simple for everyone. This new tool provides traders with options like customizable stop-loss orders to manage risk.Kraken emphasized that while the feature offers great flexibility, it still carries significant risks. The company warns that these instruments might not be suitable for all investors. Still, Kraken aims to democratize access to sophisticated trading tools for retail users.xStocks Expands to EU with New OfferingsIn addition to introducing perpetual contracts, Kraken is expanding its tokenized equities service, xStocks. The service now offers access to over 60 tokenized U.S. equities and ETFs, including Tesla, Amazon, and Nvidia. This expansion aims to provide more opportunities for retail investors in the European market.The xStocks service, launched earlier this year, has already seen impressive trading volume. Kraken reported that the service has surpassed $3.5 billion in trading volume across centralized and decentralized venues. With extended trading hours and blockchain settlement, xStocks offers significant advantages over traditional stock trading.Kraken’s partnership with Backed, a Swiss firm, supports the growth of tokenized equities. xStocks was initially built on Solana but now operates on other blockchains, including BNB and TRON. Ethereum integration is also in progress, further increasing the product’s reach and capabilities.The post Kraken Expands Crypto Trading with Perpetual Contracts and Tokenized Stocks appeared first on Blockonomi.