Kraken Launches Tokenized Equity Perpetual Futures with Leverage
- Kraken offers leveraged trading on tokenized equity perpetual futures contracts.
- Eligible non-US clients in over 110 countries can access the platform.
- Traders can utilize up to 20x leverage continuously, even when traditional markets are closed.
- Initial contracts include major assets like S&P 500 and individual stocks such as Nvidia and Apple.
This launch represents a significant innovation in the cryptocurrency space, allowing for on-chain trading of equities through tokenized assets. Developed in partnership with Backed, these contracts are fully collateralized and backed by underlying equities and ETFs, enhancing security for traders.
With plans to expand offerings further, Kraken is positioning itself at the forefront of exchange services that blend traditional finance with blockchain technology. The ability to trade major indices and stocks around the clock could attract a broader audience to cryptocurrency trading. (Source)
