Crypto exchange Kraken has introduced FX perpetual futures, allowing 24/7 trading for major forex pairs, specifically EUR/USD and GBP/USD. This launch expands Kraken's offerings into traditional financial markets and is aimed at institutional and professional traders seeking deeper exposure to fiat currencies via a crypto-native platform. Unlike standard forex products, FX perpetual contracts have no expiry date and function continuously, reflecting the nature of crypto futures. Kraken has positioned itself for competition with trading platforms like Robinhood by blending crypto with equities and FX trading. In 2024, Kraken recorded $5.4 billion in FX spot volume, predominantly with EUR/USD and GBP/USD pairs. This innovative step highlights the ongoing convergence between crypto and traditional finance sectors, enhancing the trading experience for clients.

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