Kraken Dives Into Forex, No Big Deal, Just Forever Contracts

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So, guess what? Kraken, that crypto exchange you know and probably either love or avoid like the plague, is now dipping its toes into forex. And not just any forex – we’re talking FX perpetual futures, aka FX perps. Because why stop at crypto when you can have a *forever* contract?

That’s right, they’re starting with the usual suspects – EUR/USD and GBP/USD. I know, how original. But hey, they’re *popular*, so Kraken’s just being pragmatic here. A little predictable, but who’s counting?

And before you get too excited, let’s talk about what this actually means for you, dear trader. FX perps let you bet on forex price moves *forever*. Yes, forever. As in, no expiry date. Just hold that position until the end of time (or your sanity). Also, Kraken’s being super generous with leverage – up to 20x, because, why not give you enough buying power to make *all* your questionable decisions?

To keep it “real,” Kraken’s pricing is based on DxFeed’s Composite Forex Index. It’s almost like they want you to feel like you’re trading in the real forex market… minus the stress of actual trading hours. But don’t worry, you can still trade these bad boys 24/7 on Kraken Pro. Just don’t expect the prices to update at 3 a.m. because, surprise – they only refresh when the traditional forex markets are actually open. Makes sense, right?

Oh, and they’ve got *safeguards* in place (because nothing says “we’ve got your back” like insurance). If the forex markets are closed and prices go all stale and sad, no funding payments are due unless enough price observations pop up. And there’s even a price collar, which is just a fancy way of saying, “Hey, let’s not go crazy when liquidity is low and prices are doing the cha-cha in the dark.”

And, just to rub it in, Kraken’s also offering commission-free stock and ETF trading. Look at them! Expanding like they’ve got something to prove to the traditional finance world. Maybe they’re trying to become the world’s biggest financial supermarket.

In the near future, Kraken plans to roll out more forex pairs and allow more countries to join the FX perp party. So, if you’re in an eligible market, hop on Kraken Pro, give it a spin, and get familiar with their *vast* new range of assets. It’s like a buffet. But, you know, a very risky one.

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2025-04-18 23:06