Meet Kraken’s New Toy: Perps – Bet on Crypto Futures Without Breaking a Sweat!

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Oh, hello there, dear diary! 📒 Guess who just got a shiny new toy? Kraken, that’s who! They’ve integrated perpetual futures trading right into their app, aiming to turn this complex, high-risk game into something even us mere mortals (i.e., retail users) can dabble in. Not just for the pros anymore, folks! 🎉

  • Kraken has launched “Kraken Perps,” its new perpetual futures trading product. 🚀
  • The product is available to eligible clients in select regions with USD collateral. 💵
  • The launch expands Kraken’s offerings in a derivatives market with record monthly volumes. 📈

On September 11, Kraken announced the official launch of “Kraken Perps,” a perpetual futures trading product now available to eligible clients in select regions around the world. 🌍

This launch, which initially supports USD as collateral, marks the exchange’s strategic move into a derivatives market that recently saw a record monthly volume exceeding $515 billion in August. That’s more money than I’ve ever seen in my life, let alone in one month! 💸

How Kraken Perps Work

According to the announcement, users will fund their positions using assets from their existing Kraken balance as collateral, with USD being the primary supported currency at launch. 🤑

To start a trade, a user simply selects an asset, chooses “Increase” to go long or “Decrease” to go short based on their price prediction, and decides on the position size. This streamlined process is central to Kraken’s mission of making a powerful tool feel as easy as ordering a pizza. 🍕

The Kraken team provided a concrete use case to illustrate the product’s utility. If a trader believes the Bitcoin price is undervalued, they can open a long perpetual contract position instead of buying BTC outright on the spot market. This way, they can potentially benefit from price appreciation without having to tie up all their hard-earned cash. 🤑

Conversely, a trader with a bearish outlook on a token can open a short position to potentially profit from a price decline, a strategy often used for hedging existing spot holdings. It’s like having an umbrella when it rains, but also a sunhat when it’s sunny! ☂️☀️

Risk management is a big deal with Kraken Perps. The platform includes built-in safeguards such as customizable stop-loss orders, which automatically limit losses if the market decides to throw a tantrum and move against a trader’s position. 🛡️

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2025-09-11 21:01