One of the world’s leading cryptocurrency exchanges, KRAKEN has now launched the Forex Market Perpetual Futures (FX Perps), recently moving towards the traditional financial market, which is considered the first entry in the traditional forex market of Kraken. With this launch, traders will now get a chance to trade on the world’s most popular currency pair like EUR/USD and GBP/USD.
FX perpetuate futures allow traders to stake on changes in currency rate without any expiry date. That is, you can keep your position open as long as you want. The special thing is that KRAKEN gives its users up to 20X leverages, so that traders can do more price deals than their capital.
Real-time data, safety features and 24/7 trading facilities
These FX perpetual futures of KRAKEN are based on the Forex Market Index of DXFEED, which ensures that their pricing refers to the real form of real forex market. Although the trading is 24/7 Awaalval, the price real-time only updates when traditional forex markets are open.
This means that when the forex market is closed, then the price can be stable, which gives users more accurate and safe trading experience.
The new move by KRAKEN has taken this new step after its recently launched commission-free stocks and ETF trading features. Which indicates that KRAKEN does not only want to be limited to cryptocurrency, but also wants to record his strong presence in traditional markets. Along with this, another important news related to it has recently surfaced, which states that, BNB of Binance will be listed soon on KRAKEN,
Future planning and expansion direction
KRAKEN has also indicated that even more forex pairs will be included in this list and FX PERPS will be provided in more countries. Currently, users present in selected markets can explore these new futures on the Kraken Professional platform.
This attempt of KRAKEN is not only towards giving more options to its usbase, but it will also work to reduce the distance between crypto and traditional finance. As the world of trading is developing, this expansion of platforms like KRAKEN shows the beginning of a new era.
Conclusion
Kraken’s entry into the Forex Market reflects the expansion of its platform and its seriousness in the traditional financial market. Through the FX perpetual futures, users get more flexibility, high leverage and 24/7 trading, which make it different from other trading platforms. Safety Majors such as Price Caller and Stell Price Protection make it even more reliable. The launch also indicates that Kraken is moving towards becoming an all-in-one financial platform, moving beyond the crypto. In the coming time, this initiative will make the world of trading even bigger. Along with this, if you want to read the news related to other Crypto Exchanges, then you can study by going to our Crypto Exchange section, where you Bybit did $ 250K prize praise forming for tradersAs you will get to read news.
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