The post Kraken xStocks launches 24/7 stock perpetuals, 20x leverage appeared on BitcoinEthereumNews.com.

Kraken’s xStocks perpetuals offer 24/7, 20x-leveraged tokenized U.S. equity exposure Kraken has launched perpetual contracts on tokenized U.S. stocks, enabling 24/7 trading with up to 20x leverage, as reported by The Cryptonomist. The contracts reference tokenized equity exposure known as xStocks rather than directly settling in underlying registered shares. In practice, xStocks represent on-chain equity exposure, while the new perpetuals are derivatives that track those tokens’ reference prices. This separation mirrors crypto markets, where spot tokens and perpetuals coexist with distinct risk, collateral, and settlement mechanics. Why this matters: always-on access, leverage, and crypto-style mechanics Always-on derivatives compress traditional market hours into a continuous venue, shrinking gaps between corporate news flow and trade execution. The 20x leverage cap introduces capital efficiency alongside materially higher loss potential during volatility. Industry positioning frames tokenized equities to behave like digital assets, programmable and globally accessible, while derivatives import familiar crypto mechanics into equity exposure. “24-7, non-custodial, permissionless, available anywhere,” said Mark Greenberg, Global Head of Kraken Consumer Business, at Kraken. BingX: a trusted exchange delivering real advantages for traders at every level. What changes now: trading availability, funding rates, margin, liquidation Trading availability shifts from exchange hours to a 24/7 book, which can reduce opening gaps but increase overnight and weekend risk. Perpetuals typically use funding payments between long and short positions to keep prices aligned with a reference index. Leverage requires initial and maintenance margin, with liquidation if collateral falls below thresholds. At 20x, small adverse moves can trigger rapid drawdowns. Specific index, funding, fee, and liquidation parameters were not specified in available descriptions. Access will depend on jurisdiction and venue eligibility. U.S. Securities and Exchange Commission oversight can constrain domestic availability, and geoblocking may apply where laws restrict tokenized equity derivatives. At the time of writing, Coinbase (COIN) traded at 159.41,…

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Filed under: News - @ February 24, 2026 8:23 pm