Kraken Joins the Perps Race, Bringing Volatile Crypto Derivatives to Retail
In a strategic move that aligns with its rumored 2026 IPO plans, Kraken is officially entering the retail perpetual futures market.
The exchange is launching “Kraken Perps,” making a complex financial instrument—born in the crypto world with BitMEX in 2016—available to its mainstream user base.
These contracts, which have no expiry and use a funding rate mechanism to track spot prices, are designed for speculation on market movements. This expansion occurs as perpetual futures volumes have skyrocketed across the industry.
By offering perps, Kraken not only competes with derivatives giants like Hyperliquid but also potentially exposes a wider segment of investors to the significant risks and rewards of leveraged crypto trading.