Crypto Exchange Kraken launched FX Perpetual Futures, developing on traditional markets with a 24 -hour exchange for major Forex pairs, the company announced on Friday in a blog article.
The first contracts, EUR / USD And GBP / USD, are now live on Kraken Pro, with more to follow.
Unlike standard Forex products, FX Perps has no expiration and works 24/7, reflecting cryptographic future.
With FX Perps, Kraken doubles from the descent of institutional and professional merchants looking for a more in-depth exhibition at the Fiat markets via a crypto-native platform, said the company.
Crypto and traditional financial markets are increasingly converging.
Kraken recently launched exchanges without commission for listed actions in the United States and funds (ETF), opening access to traditional financial markets from the same platform he uses for cryptocurrencies and positioning himself to compete more directly with trading platforms like Robinhood (Hood).
“Investors are increasingly expecting a unified negotiation experience that extends over crypto, FX and actions. With our recent launch of American actions and the addition of FX Perpetuals, Kraken offers a complete platform designed for today’s multi-network merchant,” said Alexia Theodorou, manager of Kraken derivatives.
Kraken customers exchanged $ 5.4 billion in volume at the FX counter of the year up to date, with $ 3.5 billion in EUR / USD and GBP / USD.
The exchange is associated with Mastercard to let crypto holders in the United Kingdom and in Europe Spend their digital assets to more than 150 million merchants worldwide, said Mastercard earlier this month
Find out more: Kraken joins Mastercard to introduce cryptographic debit cards
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