Kraken just opened the door to a whole new trading universe: FX Perpetual Futures (FX Perps). Now, you can trade the world’s most liquid forex markets, EUR/USD and GBP/USD, with up to 20x leverage, all on Kraken Pro. It’s real-time forex trading, crypto-style.
This launch marks a major step in Kraken’s mission to expand beyond crypto and into broader financial markets. And if you’re a trader who loves speed, precision, and opportunity, this is one update you’ll want to jump on.
Trade Forex Like Crypto: What Are FX Perpetual Futures?
FX Perps are perpetual contracts based on benchmark forex indices. They track real-time pricing from DxFeed’s Composite Forex Index, giving you exposure to major currency pairs without dealing with expirations.
You can stay in the trade as long as you want, adjust your strategy on the fly, and ride market momentum 24/7.
According to Alexia Theodorou, Kraken’s Head of Derivatives,
“We’re leveraging Kraken’s strength in FX spot trading to give clients a powerful new way to manage exposure in the world’s most traded currencies.”
How FX Perps Work: Key Features You Should Know
1. Real-Time Data, Instant Decisions
Prices update every second when forex markets are open. That means you’re always working with the freshest data.
2. Special Rules When Markets Close
When forex spot markets are shut, Kraken steps in with safeguards:
- Zero funding if the price index goes stale.
- Price collars keep trades within a 4% range of the last recorded price.
These rules protect market integrity and prevent unfair pricing.
3. Seamless Kraken Pro Integration
FX Perps live inside the same Kraken Pro interface you already know. No learning curve. Just new tools.
4. Contract Specs Made for Traders
- Mark price premium capped at 0.25%
- Max funding rate: 0.1% per hour
- Up to 20x leverage
It’s fast, flexible, and familiar—built for both cautious strategists and high-leverage thrill-seekers.
Why Trade FX Perps on Kraken?
In 2025 alone, Kraken’s clients traded $5.4 billion in FX spot markets. Of that, $3.5 billion came from EUR/USD and GBP/USD pairs. FX Perps now give you a new way to trade those same high-volume markets, but with the power and precision of perpetual futures.
- No expirations
- Deep liquidity
- More control over exposure and timing
It’s forex trading, but turbocharged. Currently, there are very few crypto-native exchanges with forex trading. For example, Bybit has forex and commodities through their MT5 platform. Similarly, users of BingX, Crypto.com and PrimeXBT can also dabble into traditional assets and currencies.
Who Can Access FX Perps?
FX Perps are available to derivatives-eligible Kraken clients, except those in the EU and Great Britain (for now). View Kraken restricted countries here. If you’re eligible, you can log in and start trading today.
And yes, Kraken’s working to roll this out in even more geographies soon. So stay tuned.
Ready to Trade? Here’s How to Get Started
- Log into Kraken Pro
- Navigate to the FX Perps section
- Choose your pair: EUR/USD or GBP/USD
- Set your leverage, place your order, and go
Need help? Kraken’s support team is always around if you get stuck or have questions.
Kraken is Your Multi-Asset Trading Home
Just days ago, Kraken launched stocks trading in United States. In the past month, the exchange obtained a Restricted Dealer license in Canada, and acquired a US futures trading platform for $1.5 billion.
Kraken now offers commission-free trading on over 11,000 U.S.-listed stocks and ETFs to select U.S. clients. This marks a major step in unifying crypto and traditional finance under one platform.Read Now
In February, the exchange obtained a derivatives trading license in the EU, and relaunched staking in the United States. These and other achievements and acquisitions demonstrate Kraken’s commitment to become a massive investment platform available globally.
Whether you’re a crypto veteran or dipping into forex for the first time, FX Perps offer something rare: flexibility, familiarity, and speed, all wrapped in a single product.
So if you’ve been waiting to trade forex like you trade crypto, now’s your moment. Log in to Kraken Pro and start exploring FX Perps today.
