Kraken launches perpetual contracts in specific jurisdictions

According to The Block, crypto exchange Kraken has launched new perpetuals products for eligible customers in specific jurisdictions. Kraken notes that its products have some "built-in protections" including a stop loss feature to limit potential downside losses when "market trends are opposite to your forecast." At launch, traders will be able to use their Kraken USD balance as collateral and can then use other assets. Kraken is preparing for its first public listing in the first quarter of 2026.