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Kraken Turns Crypto Trading Into Sports-Style Bet With New "Perps" Contracts
Cryptocurrency exchange Kraken has launched a new derivatives product, introducing simplified perpetual contracts it calls “Kraken Perps.” The contracts, now available in select regions to eligible clients worldwide, reportedly allow users to speculate on crypto price movements without owning the underlying asset. “Perps are trading instruments designed to let users speculate on future price movements, up or down, without owning the asset involved, the exchange explained. “Unlike a bet with your friend, there’s no expiry date or lock-in period, so you can hold your position as long as you want. You also ... (full story)
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