Kraken’s Latest Move: Forex Futures with Zero Expiry (and No, We’re Not Joking)

Oh, look! Kraken, the crypto exchange that’s clearly tired of staying in its lane, has decided to introduce foreign exchange (forex) perpetual futures contracts on its Kraken Pro platform. Yes, that’s right, now you can dabble in forex with the same level of commitment you give to your Netflix subscription. All of this started on April 18, because why not add more ways for traders to lose their minds?

The first two contracts on offer? EUR-USD and GBP-USD. The classics. You can now have your fun with 20x leverage and *drumroll*… NO expiry date. That’s right, these contracts never die. Unlike traditional futures, these don’t come with a deadline looming over your head like your high school final exam. You can roll over your positions indefinitely. Well, until the market decides to devour you whole. 😏

Kraken’s move is just the latest in a series of “let’s blur the lines between digital assets and traditional finance” expansions. Because apparently, that’s the thing now. Who needs boundaries when you can just mix everything together, right? No one, that’s who.

Kraken: The Crypto Exchange that’s Basically Trying to Be Everything

Remember when Kraken introduced spot forex trading? Yeah, that happened back in March 2020, except for the United States. Because, obviously, why would the US get all the fun? But now, crypto traders have access to major currency pairs on the platform. Euro, US dollar, pound, yen, and more. Basically, a full-on currency buffet.

But wait, there’s more! Kraken didn’t stop there. In March, they went and bought NinjaTrader, a retail futures platform, for $1.5 billion. Yes, billion with a “B.” Because why just dip your toes in when you can dive into the pool headfirst, right?

And let’s not forget the *iconic* Mastercard partnership in April. They launched a crypto debit card, because who wouldn’t want to spend crypto while buying a latte? ☕

But wait, there’s EVEN MORE. On April 14, Kraken introduced stock and ETF trading in select US states. Think New Jersey, Connecticut, Wyoming, Oklahoma… basically, it’s like a VIP club, and you better hope your state made the list. 🧐

And as if that weren’t enough, Kraken’s considering a capital raise of up to $1 billion. Because why not throw some IPO talk into the mix? Word on the street (or, you know, Bloomberg) is that their IPO could drop sometime in Q1 2026. Fingers crossed for another round of ‘Kraken takes over the world’ vibes. 🙌

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2025-04-18 22:36