Kraken Files for Single-Stock Perpetual Futures Trading in US
Kraken is expanding its derivatives offering in the US by filing to offer single-stock perpetual futures trading. This move pushes Kraken's crypto exchange (CEX) deeper into equity derivatives and crypto-linked products, likely increasing regulatory scrutiny.
The filing covers 10 US stocks, including Tesla (no ticker given), Nvidia (no ticker given), Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN). Payward, the parent company of Kraken, aims to offer 24/5 trading, extending access beyond regular stock-market hours.
Payward stated on X that 'stock markets close, and the events that move them don't.' The company suggests traders can respond to market-moving news outside regular hours. This expansion is expected to boost adoption and trading volumes for Kraken's derivatives offering.