Cryptocurrency exchange Kraken launches FX perpetual futures, offering 24/7 trading in major currency pairs

Cryptocurrency exchange Kraken is launching perpetual currency futures, providing 24/7 trading of major currency pairs.

The first EUR/USD and GBP/USD contracts are now available on Kraken Pro.

Author: Will Canny, AI Boost | Edited by: Stephen Alpher Updated: April 18, 2025, 4:14 PM Published: April 18, 2025, 4:00 PM

What you need to know:

• Kraken Launches Perpetual Currency Futures
• Users now have the ability to trade EUR/USD and GBP/USD perpetual contracts at any time on Kraken Pro.

Cryptocurrency exchange Kraken has announced the launch of perpetual currency futures, expanding its presence in traditional markets and providing 24/7 trading of major currency pairs, the company said in a blog post on Friday.

First contracts, EUR/USD and GBP/USD are already available on the Kraken Pro platform, with more planned to be added soon.

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Unlike standard Forex products, currency contracts have no expiration date and operate 24 hours a day, similar to cryptocurrency futures.

Kraken said it is stepping up its efforts to serve institutional and professional traders looking for deeper access to fiat markets through its own cryptocurrency platform in response to challenges in the forex market.

Cryptocurrency and traditional financial markets are becoming increasingly interconnected.

Kraken recently introduced commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), providing access to traditional financial markets through the same platform as cryptocurrencies, positioning itself as a more direct alternative to trading platforms like Robinhood (HOOD).

“Investors increasingly expect an integrated trading experience that spans crypto, forex, and stocks. With our recent launch of U.S. stocks and the addition of FX perpetual options, Kraken offers a comprehensive platform built for today’s multi-asset traders,” Alexia Theodorou, head of derivatives at Kraken, said in emailed comments.

In 2024, Kraken clients' spot FX volume totaled $5.4 billion, of which $3.5 billion was in EUR/USD and GBP/USD.

The exchange is partnering with Mastercard to give cryptocurrency holders in the UK and Europe the ability to spend their digital assets at more than 150 million merchants worldwide, Mastercard announced earlier this month.

Read more: Kraken teams up with Mastercard to launch crypto debit cards

Disclaimer: Portions of this article were generated by AI tools and reviewed by our editorial team to ensure accuracy and adhere to our standards. For more information, see CoinDesk's full AI policy.

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