Kraken mentioned Wednesday that its Kraken Prop program has added an S&P 500 perpetual market, giving funded merchants entry to the US fairness benchmark across the clock, in line with the alternate’s newest product data.
The product expands Kraken’s multi-asset technique past digital belongings, following the addition of traditional-market publicity to its platform. Kraken Prop helps leverage of as much as 5x, whereas funded account sizes can attain $200,000. This system additionally provides merchants the potential of retaining as much as 90% of earnings, relying on the chosen plan.
Kraken has additionally signaled broader traditional-finance enlargement, with its platform already supporting S&P 500, Nasdaq-100, gold and oil futures in eligible areas. The corporate’s rising integration of crypto and conventional markets may give merchants a extra unified surroundings for accessing a number of asset courses.
Supply: https://weblog.kraken.com/product/prop/trade-the-sp500
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