Kraken launches new perpetual contract products in some regions

Cryptocurrency exchange Kraken is about to launch a new product—a perpetual contract. The exchange is reportedly preparing to go public as early as the first quarter of 2026, the announcement is the latest in a series of product expansions. Kraken’s perpetual contract, which will be launched Thursday for qualified clients in specific jurisdictions, is a futures contract that allows traders to make “high certainty” bets on future events. Kraken notes that its perpetual contract has several “built-in protections”, including a stop loss feature that limits potential downfall losses when “market trends are opposite to your prediction.” In the early stages, traders can use their Kraken USD balance as collateral and will then support other assets. (The Block)