Kraken Introduces EUR/USD and GBP/USD Futures

Kraken, a popular cryptocurrency exchange, recently introduced forex perpetual futures contracts on its Kraken Pro platform. This move, launched on April 18, allows

Kraken, a cryptocurrency exchange, has introduced forex perpetual futures contracts on its Kraken Pro platform. The move, launched on April 18, allows traders to engage in the global currency markets.

Initially, traders have access to two different forex futures through the platform by means of the euro-US dollar (EUR/USD) and British pound-US dollar (GBP/USD) contracts. These trading contracts use leverage of 20x to provide more investment opportunities for traders working with vital currency pairs.

The recent updates hold great importance for Kraken Digital Asset Exchange. The existing platform supports trading of more than 300 crypto perpetual futures contracts. Kraken extends its offering to forex trading through the introduction of forex futures, which enables users to manage currency trades as they handle cryptocurrency on the platform. Kraken aims to introduce additional forex pairs shortly after the current launch so traders will receive increased options for their trading activities.

The Head of Derivatives at Kraken, Alexia Theodorou, stated that the company operates as a top spot Forex (foreign exchange) provider in the cryptocurrency market. Kraken’s position grows stronger while its users gain access to an important trading instrument through the addition of forex perpetual contracts. The added tool enables traders to control their exposure toward the most commonly exchanged cryptocurrencies that exist today.

When compared to ordinary forex contracts, the perpetual FX structure known as FX perps operates without any defined expiration date. Forex contracts at Kraken derive their base from market indices while using the DxFeed’s Composite Forex Index as their benchmark. FX perps enable traders to maintain market access without any deadlines for expiration. These contracts offer users the ability to enhance their strategies while accessing current market modifications in real-time.

The implementation of forex contracts proceeds from Kraken in approved markets and the company plans regional market expansion. Kraken implements this approach to establish more trading opportunities for their users. New trading solutions for traditional financial markets emerged as traders requested innovative methods to connect with established financial sectors.

Kraken Sees $5.4B in 2025 Forex Trades

In 2025, Kraken has already seen over $5.4 billion in forex spot market trades. The trades conducted mostly focused on the EUR/USD and GBP/USD currency pairs due to their extensive market interest. The strong interest in EUR/USD and GBP/USD currency pair trades at Kraken prompts the company to develop additional trading tools known as FX perps.

Kraken continues to enlarge its operations throughout markets that extend past cryptocurrency. The company made a $1.5 billion acquisition of NinjaTrader in March to obtain its retail futures trading platform. With this acquisition, Kraken gained the capability to provide trading services to a wider range of customers. Through this addition, Kraken offers its users access to cryptocurrency as well as traditional market instrument trading options. Kraken demonstrates its competitive expansion vision through this strategic move by targeting increased market significance in the traditional finance and cryptocurrency sectors.

Additionally, Kraken has revealed plans to launch an initial public offering (IPO) during the first quarter of 2026. The positive regulatory shifts in the U.S. enable the company to prepare for its upcoming IPO. The company implements ongoing development alongside fresh services to solidify its leadership role in cryptocurrency and standard financial sectors.