Cryptocurrency Exchange Kraken has introduced perpetual exchange contracts (Forex) to its Kraken Pro platform on April 18, giving traders an exhibition more to the world money markets.
The first two perpetual FOREX FOREX contracts available on the platform will be the Euro-US Dollar (EUR-USD) and British Pound-US Dollar (GBP-USD) contracts, according to an announcement from the company.
The two contracts include a 20x lever effect and no expiration date, which means that they do not have to be launched or established by a deadline, unlike traditional term contracts, which have an expiration date.
Kraken’s move is the last of a series of expansions from the company, because it seeks to blur the border between digital assets and traditional financial products – a trend reflected in the cryptography industry.
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Kraken deployed the sidewalk of the section on customers around the world, with the exception of the United States in March 2020.
The launch gave merchants of crypto access to nine pairs of major currencies on the platform, including the euro, the US dollar, the Canadian dollar, the Japanese yen, the book and the pairs of Swiss francs.
The Crypto Exchange in March signed an agreement to buy Ninjatrader, a retail term platform, for 1.5 billion dollars.
The agreement should be concluded in the first half of 2025 and will position Kraken to offer Crypto Futures exchange with American residents.
https://www.youtube.com/watch?v=pfpBegxabpo
Mastercard and Kraken joined in April to publish a cryptographic debit card which gives holders the possibility of spending cryptocurrencies in standard retail transactions.
On April 14, the Stock Exchange introduced shares and ETFs into certain American states, including New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia.
According to a Bloomberg report published in March.
If Kraken’s IPOs materialize, the public offer will probably occur in the first quarter of 2026, Bloomberg reported.
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