Kraken adds S&P 500 to funded trading program, commodities to follow
Kraken’s funded trading program adds round-the-clock exposure to the US equity benchmark as it builds out its multi-asset offering.
US cryptocurrency exchange Kraken has expanded its funded trading program by adding exposure to the S&P 500, enabling round-the-clock trading for participants. The newly launched S&P 500 perpetual product is structured off an index oracle tracking the benchmark, as opposed to a standardized futures contract. Kraken's blog post announced the product's availability on Wednesday, noting that it features no expiration date or rollover requirements.
Alongside the Nasdaq 100, the S&P 500 joins Kraken Prop as the second traditional market for funded traders. With up to 5x leverage and a maximum notional exposure of $1 million, traders can access the S&P 500 market through Kraken Prop's evaluation and funded accounts. The program permits funded account sizes from $5,000 to $200,000, with evaluation plans starting at $20.
Kraken Prop allows traders to buy an evaluation and, if meeting the program's criteria, transition to trading with Kraken capital. The exchange's expansion of traditional financial products includes offering retail investors access to Jersey Mike's IPO, both as shares in the US and tokenized shares globally.
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