Introducing FX perpetual futures – Kraken Weblog Kraken Weblog
Right now 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 provides 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 shoppers with a robust new instrument to higher navigate and tailor publicity to a number of the most generally traded forex markets in crypto right now.
This expands the variety of alternatives obtainable for Kraken shoppers to seize worth throughout a wider vary of asset lessons, all from one platform.”
What are FX perps?
FX perps are perpetual contracts based mostly 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 information
FX Perps replace each second when the underlying foreign exchange spot market is open. Merchants could make selections based mostly 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 value turns into stale, until 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 value to forestall trades occurring outdoors affordable market bounds.
- Seamless buying and selling expertise
FX perps dwell throughout the Kraken Professional platform’s acquainted interface. Apart from particular guidelines throughout market closures, they behave identical to different perpetual contracts, making it straightforward for each new and skilled merchants to get began instantly. - 24/7 buying and selling
FX perp markets are open 24/7, nonetheless they mirror conventional market hours in the case of value updates. You may 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 right now, with plans to increase to extra geographies quickly. Keep tuned as we work to carry these merchandise to further 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 house, and to this point in 2025 alone, our shoppers 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 possibly can work together with these important foreign exchange pairs, combining deep market liquidity with a user-friendly platform constructed for efficiency.
