Kraken Expands Proprietary Trading Program with S&P 500 Perpetual Product

Kraken is expanding its proprietary trading program, Kraken Prop, by adding a perpetual S&P 500 product. This move gives funded traders access to a major US equity benchmark on a round-the-clock basis.

The new product offers leverage up to 5x and maximum notional exposure of $1 million. It's the second traditional market available through Kraken Prop, following the Nasdaq 100.

Kraken Prop is designed for traders who want to access a broader range of financial markets beyond cryptocurrencies. The program allows users to buy an evaluation account for $20 and, if they meet certain requirements, qualify for a funded account with up to $200,000 in capital.