Kraken is expanding access to perpetual futures contracts, a popular cryptocurrency derivative product, to its broader retail user base.
Previously available only on its Kraken Pro platform, "Kraken Perps" will be offered to eligible retail traders in specific jurisdictions starting Thursday.
The platform claims the move marks a significant product expansion, coinciding with reports that it is preparing for a possible IPO in early 2026.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
Perpetual futures allow traders to speculate on the future price of an asset without owning it and, unlike traditional futures, have no expiration date.
This product, pioneered by BitMEX for volatile crypto markets, has seen massive growth, with platforms such as Hyperliquid now dominating trading volume.