I look forward to launching something new with the Kraken app. Next In the crypto market, this may be for you.

Today I’m launching Kraken Perps (short for Kraken Perpetuals), Available in some areas Targeted clients all over the world. These provide an easy and flexible way to trade where prices seem to be heading, without the need to own the underlying assets directly from the Kraken app.

While trading for Perpetual Futures was already available via Kraken Pro, the launch of Kraken Perps represents a step forward in making this experience more accessible and intuitive to everyday investors.

What is a Permanent Contract (PERP)?

Have you ever wagered with a friend at the start of the sports season about who will win the championship? This is similar to how a permanent contract works. He has high convictions on future outcomes in the crypto market.

for example:

• “I think Bitcoin will skyrocket in the coming months.”
• “Ethereum prices could fall after the next upgrade.”
• “I think Solana prices are about to take off as Memecoins are back.”

and Kraken perpsyou can act on these predictions. Perps is a trading product designed to allow you to speculate on future price movements (up and down) without owning the assets involved. Unlike bets with your friends, there is no expiration date or lock-in period, so you can hold your position as long as you wish. You also have the freedom to adjust the size of your position if you have more convictions over time or if you want to cash out at any time.

What is needed is to fund trade with assets from Kraken balance (called collateral) to open positions. USD will be supported at launch and will soon increase the assets that will continue.

Next, choose “Increase” or “Decrease” depending on how you want the asset to be priced. that’s it.

Real world examples

Instead of buying BTC on the Kraken Spot Market, let’s say you believe Bitcoin is underrated. Going long For BTC’s permanent contracts and profits, if it is correct to predict prices to rise.

Alternatively, you might think that certain tokens are exaggerated and ready to fall in prices. In that case, you can go short – and profit if BTC drops to prices.

Of course, things change over time. If you feel confident in your view, you can increase the size of your position. If you feel unsure, you can take money from the table.

Kraken Perps is more than just a transaction. They provide new ways to express your views, manage risks, and build strategies into your portfolio.

Why is PERPS important?

Forever has long been popular with senior traders, but they often feel out of reach of everyday investors.

Kraken Perps is changing that. It is designed to be intuitive and approachable with a clean interface, simple language and useful features. Kraken Perps allows you to trade with less complexity and confidence.

Safety comes first

We built Kraken Perps at the core with security, transparency and education. Like all trades, Perps has risks – and they are not designed for everyone. But with the right tools and information, they can become a powerful part of your investment toolkit.

To help you manage your risk, Kraken Perps includes built-in protection, such as customizable stop loss orders. This automatically limits the downsides if the market moves in the opposite way to your forecasting method.

Additionally, we deploy a set of educational resources that will help you understand how PERPS works and how to use them responsibly.

Exchange the future with Kraken Perps

Kraken Perps has gone live for eligible clients. We will continue to provide you with the right tools you need to expand your access, improve your experience, and trade the market effectively.

Perps is not about becoming a day trader. They are about having more ways to express your views in the market, manage risk, and have the right tools to add an extra strategic layer to your portfolio.

Transaction derivatives and other financial instruments, including revalled financial instruments, contain significant risks and are not suitable for all investors. See us Risk disclosure For more information.

The newest trading platform powered by Synthetix – Parifi launches today, boasting features designed to compete with modern centralized exchanges. Parifi makes decentralized derivatives trading more accessible to users with account, chain, and gas abstraction, as well as upcoming mobile app for Android and iOS. 

“With Synthetix’s modular V3 architecture, Parifi is uniquely positioned to offer traders seamless, efficient execution across chains. This integration is a significant enhancement to our perpetual trading protocol and aligns perfectly with our vision for a CEX-like trading experience in a DeFi setting.” – Danny B., Co-Founder & COO

How Parifi Elevates Decentralized Perpetuals Trading

Parifi’s mission is to remove friction from the user experience and make powerful DeFi trading easier for users. To this end, they’ve incorporated a range of features, such as:

Abstraction Features

Chain Abstraction: Traders can seamlessly access a consolidated pool of assets from multiple blockchains with minimal latency. 

Account Abstraction: Parifi simplifies user onboarding, removing the need for traditional private key management.

Gas Abstraction: By abstracting gas fees, Parifi reduces the complexity and cost of transactions, providing a smoother experience.

Margin Features

Unlimited Isolated Positions: Traders can open unlimited positions, each with independent risk parameters, for better flexibility and risk management.

Cross-Margin Positions: Traders can use their entire portfolio as collateral, eliminating the need to swap holdings for specific assets to use as margin funds.

Account Funding

Native On- and Off-Ramping: Funding accounts and withdrawing funds are simplified for Parifi users without extra steps from different third-party service providers. Supporting both USD and EUR, Parifi blends the convenience of large centralized exchanges with the freedom and security of a DEX.

Learn more about Parifi’s features and other world-class technology partners such as Pyth, Router, Pimlico, and Tenderly with their docs.

Expanding the Synthetix Ecosystem

Synthetix is pleased to welcome our newest front-end integrator to the ecosystem. All perpetual derivatives trading on Parifi is powered by Synthetix V3 Perps on our Arbitrum deployment, contributing to our aggregate volume and LP rewards. Traders in the Synthetix community now have access to a new avenue and many new features not previously available on our existing front-ends. As Parifi grows and attracts new users with a CEX-like experience, Synthetix LPs and community members will undoubtedly benefit.

What’s next for Parifi

Today marks an important milestone for Parifi, but this is just the start. The launch sets the stage for a broader campaign, co-marketing initiatives with key partners, an exciting trading competition, and the rollout of new features. While Parifi’s interface is currently mobile-optimized, traders can also look forward to their upcoming mobile app release for Android and iOS.

Over the coming period, Parifi will gradually roll out Chain Abstraction, Cross-Margin Positions, and Native On- and Off-Ramping, further enhancing the platform’s capabilities and solidifying its position as a leader in decentralized derivatives trading.

It’s time for the Synthetix Spartans to welcome the newest addition to our ecosystem with a follow on X, greet the community in their Discord, and check out their app at https://app.parifi.org/.