Kraken announces perpetual future FX and expands to the currency market

The first products will be marketed through Kraken Pro, And 24/7 will be available, in the same way as cryptocurrency operations.

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• Kraken introduces perpetual futures Fx on your professional platform.
• Start with EUR/USD and GBP/USD.
• The strategy points to institutional and professional investors who seek to operate multiple assets in one place.
• The company already allows the US actions and ETFs to operate. UU., And was associated with Mastercard For global payments with crypto.

Kraken, One of the most recognized international exchanges of cryptocurrencies, announced the launch of perpetual futures FX (Forex), marking a decisive expansion towards traditional markets.

This was indicated by the team of Kraken In a statement published on its official page, where it indicates that the first available contracts are EUR/USD and GBP/USD, which can already be negotiated in Kraken Pro.

Unlike traditional forex products, These perpetual future have no expiration date and operate 24 hours a day, 7 days a week, Replicating the characteristics of cryptocurrency futures.

Kraken Fuses crypto and traditional finance

This movement is not isolated. Kraken It has been positioning as a comprehensive platform for traders that seek to operate both digital and traditional assets.

Recently, the Exchange launched operations without commissions for shares and funds quoted in the US stock market (ETF), allowing its users to access traditional financial markets from the same platform with which they manage their cryptocurrencies.

With the incorporation of futures Fx perpetual, Kraken It strengthens its commitment to attract institutional and professional investors who want deep exposure to currency markets, but within a crypto-native environment.

A unified platform for modern trader

“Investors are increasingly expecting a unified trading experience that covers crypto, FX and shares. With our recent launch of actions in the US and the addition of future perpetual FX, Kraken is offering a comprehensive platform designed for today’s multi-active trader ”said Alexia Theodorou, head of derivatives in Kraken, In an email sent to COINDESK.

According to company data, its customers have operated a volume of USD $ 5.4 billion in the currency spot market so far this year. Of that total, USD $ 3.5 billion corresponds to the EUR/USD and GBP/USD pairs, the same with which their life contracts begin.

This strategy seems to align with a global trend: convergence between traditional financial and cryptocurrency markets.

Association with Mastercard reinforces the interoperability vision

The expansion of Kraken Not only is it limited to investment products. Earl this month, Mastercard He announced an association with the Exchange to allow cryptocurrency holders in the United Kingdom and Europe to spend their digital assets on more than 150 million businesses around the world.

This step aims to close the gap between digital assets and daily consumption, facilitating the use of cryptocurrencies beyond trading or speculative investment.

The collaboration also indicates a growing interest of traditional financial institutions in integrating blockchain infrastructure and crypto products within its existing services.

Direct competition with platforms such as Robinhood

By offering access to shares, ETF, peers Fx and cryptocurrencies from the same environment, Kraken It is positioned as a direct competitor of platforms such as Robinhoodwhich has historically dominated among retail investors in the United States.

However, Kraken It seems to aim more to a sophisticated audience. Your institutional traders approach and its platform Kraken Pro They suggest that it seeks to differentiate themselves by market depth, advanced tools and constant availability.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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