Kraken Pro users in Europe can now collateralize crypto for perpetual futures.
U.S.-based crypto exchange Kraken will be the first regulated platform in the EU to offer crypto collateral for the futures market. The platform’s Kraken Pro, an advanced trading platform, offers this feature, where its users will be able to hold cryptocurrencies as collateral on the platform to obtain perpetual futures.
Kraken’s official press release stated, “This makes Kraken Pro one of the first regulated platforms in Europe to offer crypto-collateralized perpetual futures contracts. It also means that Kraken clients will be able to unlock greater flexibility, speed, and capital efficiency — all while complying with Europe’s robust regulatory standards.”
A perpetual future contract is a derivative that follows the price of the underlying asset. It is quite similar to future contracts; however, unlike future contracts that have a date of expiry, perpetuals do not expire.
With the latest feature, Kraken clients will not have to go through the cumbersome process of converting crypto to fiat and then using it. Instead, digital assets like BTC and ETH can be directly collateralized against perpetual contracts.
Not only does this feature offer convenience, but it also helps avoid fiat conversion fees or delays, making the process faster. In addition, it helps with hedge exposure and diversifies across assets with one unified account. Moreover, the platform helps with optimizing capital efficiency through cross-asset leverage capabilities.
Kraken has been on a roll, and it showed strong performance in Q3 of 2025. The 2025 revenues (net of trading costs) rose to $648.0 million, representing an increase of 50% quarter over quarter, which is also a new all-time record for the company.
Meanwhile, the total platform transaction volume spiked to $561.9 billion, representing an increase of 23% quarter-over-quarter, while assets on platform grew 34% for the same period to $59.3 billion.
