Overview

• The new product lets users take long or short positions on crypto prices without owning the assets, with no expiry and the ability to exit at any time.
• Access is live for eligible clients in select regions, though the company has not specified the full market list.
• Perps supports more than 300 assets including Bitcoin, with trades funded from users’ Kraken balances and USD as the initial collateral currency.
• Kraken is emphasizing risk education and used a sports-betting analogy to explain mechanics, while offering tools such as stop-loss orders.
• The release follows xStocks’ rollout in Europe and earlier FX perpetuals, with industry reports tying the expansion to a planned $500 million fundraise before a potential 2026 public listing.