PANews reported on September 11th that crypto exchange Kraken is launching a new product, perpetual contracts, according to The Block. Perpetual contracts are reportedly the exchange's latest product expansion as it prepares for a public listing as early as the first quarter of 2026. Kraken's perpetual contracts, a type of futures contract that allows traders to place "high-certainty" bets on future events, will launch Thursday in select jurisdictions for eligible clients.

Kraken notes that its perpetual contracts have several “built-in safeguards,” including a stop-loss feature that limits potential downside losses if “the market moves against your prediction.” Initially, traders will be able to use their Kraken USD balance as collateral, with support for other assets to follow.