Kraken adds perpetual futures to app for EU clients

From tradeinformer.com

Kraken has launched crypto perpetual futures trading for customers in the European Union within its mobile app, offering leverage of up to 10x on over 150 markets. The derivatives, which function similarly to CFDs, allow traders to speculate on crypto prices without an expiration date. Positions roll automatically every hour, with funding rates calculated and settled on the same schedule. The launch comes through Kraken’s Cyprus-based subsidiary, Payward Europe Digital Solutions, which holds a CySEC licence under the Markets in Financial Instruments Directive (MiFID II). The exchange acquired the investment firm in ... (full story)