Kraken rolls out round-the-clock perps for gold, major indexes and stocks like Apple, Nvidia and Tesla

Kraken is introducing 24/7 trading for a selection of tokenized equity perpetual futures contracts, leveraging the technology from xStocks, the provider it intends to acquire. The initial offering includes 10 contracts tracking assets like gold, the S&P 500, Nasdaq 100, and stocks such as Nvidia, Apple, Google, and Tesla. These contracts are available to eligible non-U.S. clients in over 110 countries, are fully collateralized, and backed one-to-one by underlying assets. Kraken views this as rebuilding traditional markets for an always-on, crypto-native world, offering the speed and flexibility of crypto trading for equities and commodities. While competitors like BitMEX and Lighter also offer 24/7 equity perps, Kraken emphasizes that its contracts follow "regulated benchmarks." This move aligns with Kraken's broader strategy to expand tokenization options and pursue a public listing, following a confidential IPO filing and capital raise at a $20 billion valuation.

(Source：The Block)