The popular cryptocurrency exchange Kraken has recently introduced 24/7 leveraged access to stocks, indices, and key assets through blockchain technology.
For eligible non-US clients in more than 110 countries, Kraken is now offering tokenized equity perpetual futures contracts with regulated benchmarks.
The initial contracts are designed to track tokenized versions of major assets such as the S&P 500 (SPYx Perps), Nasdaq 100 (QQQx Perps), gold (GLDx Perps), and individual stocks like Nvidia (NVDAx), Apple (AAPLx), Alphabet (GOOGLx), Tesla (TSLAx), Robinhood (HOODx), MicroStrategy (MSTRx), and Circle (CRCLx).
This groundbreaking initiative by Kraken allows traders to access up to 20x leverage at all times, providing continuous exposure even when traditional markets are closed.
Developed in collaboration with Backed, xStocks are fully collateralized and 1:1 backed by the underlying equities and ETFs, enabling on-chain trading, real-time price discovery, and interoperability between centralized and decentralized environments.
Kraken has plans to expand its offerings by adding more tokenized stocks and ETFs in the coming months, as well as extending access to additional markets.
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