The just-launched crypto exchange Kraken offers 24/7 access to stocks, indices and major assets using the blockchain.
The exchange offers tokenized perpetual stock futures contracts with regulated benchmarks to eligible non-US clients in more than 110 countries.
Initial contracts track tokenized versions of major assets: S&P 500 via SPYx Perps, Nasdaq 100 via QQQx Perps, gold via GLDx Perps, and individual stocks including Nvidia (NVDAx), Apple (AAPLx), Alphabet (GOOGLx), Tesla (TSLAx), Robinhood (HOODx), MicroStrategy (MSTRx), and Circle (CRCLx).
In what Kraken calls a “world first,” traders can gain leverage as high as 20x 24 hours a day, with continuous exposure when traditional markets are closed.
Developed in collaboration with Backed, xStocks are fully collateralized and backed 1:1 by the underlying stocks and ETFs.
They enable on-chain trading, real-time price discovery, and interoperability between centralized and decentralized environments.
Kraken plans to add more tokenized stocks and ETFs and expand access to additional markets in the coming months.
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Generated image: Midjourney