Kraken Launches ‘Perps’ Product to Tap Into $515B Perpetual Crypto Futures Market

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 have an expiry date and can be exited at any time. Perps is available for more than 300 assets including Bi ...