The futures track tokenized versions of major benchmarks and companies, including the S&P 500 and Nasdaq 100.
Kraken has introduced tokenized equity perpetual futures, giving non-U.S. clients in more than 110 countries continuous leveraged access to leading U.S. equities, indices, and gold. The new offering is built using the exchange’s xStocks framework and is available on Kraken and Kraken Pro platforms.
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 others.
Each xStock is fully collateralized and backed 1:1 by the underlying asset, allowing them to trade on-chain 24/7, even when traditional exchanges are closed.
The tokenized equity perpetuals allow traders to open or close positions at any time, with leverage of up to 20x. The instruments operate with regulated benchmarks and support a range of trading strategies, including directional, event-driven, and hedging positions.
Kraken said it will broaden its xStocks offering in the coming months to include more tokenized equities and ETFs, as well as expand access in additional markets. The move aims to make equities a 24/7 global asset class by combining regulated derivatives with on-chain trading infrastructure.
