Leading crypto exchange Kraken has taken a bold foray into traditional markets. They have launched FX perpetual futures on Kraken Pro, beginning with the EUR/USD and GBP/USD pairs. Unlike traditional FX products, perpetuals never expire and trade around the clock, just like crypto futures.
This expansion targets institutional and professional traders seeking deeper fiat market exposure via a crypto-native platform. It's a sign of the rising convergence between cryptocurrency and traditional finance. Kraken isn't stopping there. They just offered commission-free trading for US equities and ETFs, taking on sites like Robinhood. Kraken's head of derivatives, Alexia Theodorou, underlines their goal of offering a consistent trading experience across multiple asset classes.
The demand is real. Kraken clients have already traded $5.4B in FX spot volume this year, including $3.5 billion in EUR/USD and GBP/USD alone.
Kraken has also entered into a strategic partnership with Mastercard. This agreement will enable cryptocurrency holders in the UK and Europe to spend their digital assets at more than 150 million merchants worldwide. Kraken's most recent initiatives show its desire to become a one-stop shop for traders in both cryptocurrency and traditional markets.
