In a groundbreaking move, Kraken has unveiled a new offering that is set to transform the landscape of equity trading for non-U.S. clients. The cryptocurrency exchange has introduced tokenized equity perpetual futures, providing traders in over 110 countries with continuous leveraged access to a diverse range of leading U.S. equities, indices, and gold.
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Built on Kraken’s innovative xStocks framework, the perpetual futures track tokenized versions of major benchmarks and companies, including the S&P 500 (SPYx), Nasdaq 100 (QQQx), gold (GLDx), Apple (AAPLx), Alphabet (GOOGLx), Nvidia (NVDAx), Tesla (TSLAx), Robinhood (HOODx), and more. Each xStock is fully collateralized and backed 1:1 by the underlying asset, enabling them to trade on-chain 24/7, even when traditional exchanges are closed.
One of the key features of the tokenized equity perpetuals is the ability for traders to open or close positions at any time, with leverage of up to 20x. This flexibility allows for a wide range of trading strategies, including directional, event-driven, and hedging positions, all within a regulated framework.
Kraken’s expansion plans for its xStocks offering include adding more tokenized equities and ETFs in the coming months, as well as expanding access to additional markets. By combining regulated derivatives with on-chain trading infrastructure, the exchange aims to make equities a 24/7 global asset class, offering unprecedented opportunities for traders worldwide.
The introduction of tokenized equity perpetual futures by Kraken represents a significant step forward in democratizing access to traditional financial markets for a global audience. By leveraging blockchain technology and innovative trading instruments, Kraken is paving the way for a more inclusive and efficient financial ecosystem.
Expert Insights:
According to Jared Kirui at Finance Magnates, the new offering from Kraken represents a major milestone in the evolution of digital asset trading, providing traders with unprecedented access to traditional financial markets.
Market Impacts:
The introduction of tokenized equity perpetual futures by Kraken is expected to have a transformative impact on the trading landscape, offering non-U.S. clients a new avenue for accessing leading U.S. equities and indices.
Broader Economic and Social Implications:
By democratizing access to equities through tokenization and on-chain trading, Kraken’s new offering has the potential to level the playing field for traders around the world, fostering greater financial inclusion and innovation in the global markets.
Ticker Symbols:
– Kraken (Private)
– S&P 500 (SPY)
– Nasdaq 100 (QQQ)
– Gold (GLD)
– Apple (AAPL)
– Alphabet (GOOGL)
– Nvidia (NVDA)
– Tesla (TSLA)
– Robinhood (HOOD)
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References:
– Kirui, J. (2022, March 24). Kraken Extends 24/7 Tokenized Equity Access With Perpetual Futures via xStocks. Finance Magnates. https://www.financemagnates.com/cryptocurrency/kraken-extends-247-tokenized-equity-access-with-perpetual-futures-via-xstocks/
– Kraken debuts tokenized stock perpetual futures for non-US traders. (2022, March 24). Cointelegraph. https://cointelegraph.com/news/kraken-launches-regulated-tokenized-equity-perpetual-futures-for-global-traders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
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