Summary
- Kraken said it will support 24/7 perpetual futures trading for tokenized U.S. stocks.
- The product offers up to 20x leverage and can be traded around the clock regardless of traditional stock market hours.
- Due to regulatory issues, only non-U.S. investors will be able to use it, and the move was described as targeting demand from global investors in line with the expansion of tokenized equities and derivatives markets.
According to CoinDesk, a cryptocurrency-focused media outlet, on the 24th (local time) Kraken will support 24/7 perpetual futures trading for tokenized U.S. stocks.
The product offers up to 20x leverage and can be traded around the clock regardless of traditional stock market hours. However, it was reported that due to regulatory issues, only investors outside the United States will be able to use it.
The move is seen as targeting demand from global investors in line with the expansion trend in tokenized equities and derivatives markets.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
