The crypto exchange Kraken just launched 24/7 leveraged access to stocks, indices and key assets using the blockchain.
The exchange is offering tokenized equity perpetual futures contracts with regulated benchmarks to eligible non-US clients in over 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 up to 20x leverage around the clock, with continuous exposure when traditional markets are closed.
xStocks, developed in partnership with Backed, are fully collateralized and 1:1 backed by the underlying equities 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 in the months ahead and extend access to additional markets.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
