Trading derivatives involves significant risks and is not appropriate for all investors. You could lose more than your initial investment, see our Risk Disclosure.

Make bigger moves with smaller stakes

Trade on price moves with up to 50x leverage, unlimited upside, and no risk of losing it all.

Try Perpetual FuturesSee how it works

Available in select regions to eligible users worldwide

Available on

Kraken
Boost your upside, not your anxiety.

Kraken’s perpetual futures are a user-friendly way to turn those predictions into potential profits, with up to 50x the buying power and automatically capped risk.

Act fast on new insights: no complex setups, no second-guessing.

What are “Perps,” anyway?
(it’s less complicated than you think!)

Perpetual futures (“perps”) give you the chance to trade on whether a coin’s price will go up or down, without owning it and without an expiry date. It’s like calling the outcome of a game based on who you think will win.

How do Kraken’s perpetual futures work?

Let’s say you think the price of Bitcoin is going to go up.
Now, trading on your instinct is as easy as…

Tap trade, select perps

Perpetual futures are available for 300+ assets

Choose up or down
Enter your amount and set your leverage

Fund positions using any crypto or fiat.

Confirm when
you’re ready

Your risk is automatically limited, you never have to worry about losing more than you put in.

And you’re done!
Simple, straightforward, and built for everyday buyers

Up to 50x leverage

Use less money to control bigger positions, so even small moves can make big impacts.

Minimize your risk
A built-in stop-loss automatically limits your downside, so you never lose more than you put in.
Earn unlimited upside
Perps have no expiry date, so you can let your position ride or take profits at your target price.
Exit anytime
You’re always in control and can close your trade instantly whenever you want to.
How is this different from buying crypto?
Perps don’t replace buying crypto: they complement it.

Perpetual futures

You trade on price direction
Profit on ups or downs depending on your position when you close

Up to 50x leverage

Trade with smaller stakes
Risk = what you set

Try perpetual futures on the Kraken app

Try Perps

Buying crypto

You own the asset

Profit when prices go up and you sell

Buy the amount you pay for
Full cost upfront
Risk = what you spend

Questions about Kraken Perps?

We keep the most up-to-date answers in our Support Center.

Support Center

The educational material on this page is for information only and does not constitute an offer to trade futures. Kraken Futures is provided by a different licensed Kraken entity depending on where you live. Derivatives are complex instruments that carry a high risk of rapid losses due to leverage. You should not risk money you cannot afford to lose. Tax treatment depends on your individual circumstances and may change. Geographic restrictions may apply and can change without notice. Kraken products and services may not be covered by investor-compensation or deposit-protection schemes. Nothing on this page is investment, legal or tax advice. Access is subject to eligibility, local regulation and the terms of service for the legal entity you face.

Investment services in relation to crypto-asset derivatives are provided by Payward Europe Digital Solutions (CY) Limited, authorised and regulated by the Cyprus Securities and Exchange Commission (licence 342/17). Futures trading is available only to clients who satisfy MiFID II appropriateness tests; additional product and leverage limits apply. Click here to learn more about trading futures in the EEA.

Try Kraken Perps

You’re more ready than you think, get the Kraken app.

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Try Perps on the Kraken app

Successfully closed a position