Kraken unveils perpetuals for tokenized U.S. stocks

Kraken launches perpetual futures for tokenized U.S. stocks, indices, and gold ETFs, offering 24/7 trading and up to 20x leverage to eligible users in 110+ countries.

Kraken has introduced regulated perpetual futures contracts for tokenized U.S. stocks, indices, and gold ETFs. These products are available to eligible non-U.S. users in over 110 countries, expanding global access to U.S. equities and indices. Built on the xStocks framework, these contracts allow 24/7 trading and up to 20x leverage on digital representations of assets like the S&P 500, Nasdaq 100, Apple, Nvidia, Tesla, and SPDR's gold ETF (GLD). xStocks tokens are fully collateralized and backed 1:1 by the underlying assets, ensuring price parity even when U.S. markets are closed. This launch bridges traditional equity markets with crypto derivatives, offering continuous access, capital efficiency, and the ability to take both long and short positions. It follows Kraken's acquisition of xStocks in December and meets rising demand for hybrid crypto-equity products.