Kraken has added an S&P 500 perpetual product to its proprietary trading program, giving funded traders round-the-clock access to the benchmark U.S. stock index. The instrument is priced through an oracle that tracks the S&P 500, has no expiry date, and does not require contract rollovers. According to the report, this is the second traditional market product launched under Kraken Prop, following the Nasdaq 100 index, with commodities planned for a later rollout. Traders can access the market through both evaluation and funded accounts, with leverage of up to 5x and a maximum notional exposure of $1 million. Users must first buy an evaluation plan and meet program requirements before trading with Kraken capital. The evaluation plan starts at $20, while funded account sizes range from $5,000 to $200,000. The information was cited by Odaily from Cointelegraph.
Kraken has added an S&P 500 perpetual product to its proprietary trading program, giving funded traders 24/7 access to trade the benchmark U.S. stock market index.
The product is priced through an oracle that tracks the S&P 500. It has no expiry date and does not require rollovers.
Second traditional market product on Kraken Prop
The S&P 500 index is the second traditional market product launched on Kraken Prop. The first was the Nasdaq 100 index, and Kraken plans to add commodities later.
Users can trade the market through both evaluation accounts and funded accounts. The product offers up to 5x leverage, with a maximum notional exposure of $1 million.
Evaluation plans start at $20
Kraken Prop users must first purchase an evaluation plan. After meeting the program's requirements, they can trade using Kraken capital.
Evaluation plans start at $20, and funded account sizes range from $5,000 to $200,000.
The report was cited by Odaily and sourced to Cointelegraph.
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