Cryptocurrency exchange Kraken has officially launched "Kraken Perps," its new perpetual futures trading product, on September 11, 2025. The product is now available to eligible clients in select regions worldwide, with initial support for USD as collateral. This strategic move marks Kraken's entry into the derivatives market, which saw record monthly volumes exceeding $515 billion in August.
The platform is integrated directly into Kraken's flagship app, designed to make perpetual futures trading accessible to retail users rather than just professional traders. Users can fund positions using assets from their existing Kraken balance as collateral. The trading process is streamlined: users select an asset, choose "Increase" to go long or "Decrease" to go short based on their price prediction, and decide on position size.
Risk management features include customizable stop-loss orders that automatically limit losses if the market moves against a trader's position. The product allows traders to gain exposure to potential price appreciation without tying up the full capital required to own the asset outright. For example, a trader believing Bitcoin is undervalued can open a long perpetual contract instead of purchasing BTC on the spot market.
Notably, this offering is not available to U.S. residents due to regulatory restrictions. Kraken is rolling out these services strictly to eligible customers in specific regions that comply with local regulations. The launch is part of Kraken's broader strategic expansion, which includes plans to broaden its tokenized stock platform, xStocks, into Europe.
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