Key Notes

The perpetual trading platform operates without expiry dates and can be accessed by eligible traders in undisclosed markets.

Strategic product launches including xStocks aim to strengthen Kraken's position before its planned 2026 IPO fundraising efforts.

Previous IPO attempts in 2021-2022 were delayed, with founder Jesse Powell cleared of FBI investigation charges in 2023.

Kraken , a US-based cryptocurrency exchange, announced the launch of its “Perps” perpetuals trading product on Sept. 11, allowing users to invest in cryptocurrency futures by predicting price movements.

According to the firm’s official website , Perps allow users to trade on whether a coin’s price will go up or down, without owning the actual asset. Trades or predictions made through the service don’t ha

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