Kraken, a crypto exchange, has introduced FX perpetual futures. These contracts, starting with EUR/USD and GBP/USD, are now available on Kraken Pro. Unlike typical forex products, these futures have no expiration and are accessible 24/7. This year, Kraken clients have traded a total of $5.4 billion in FX spot volume, with $3.5 billion of that in EUR/USD and GBP/USD. The platform aims to cater to institutional and professional traders seeking more exposure to fiat markets. Kraken also recently started offering commission-free trading for U.S.-listed stocks and ETFs. This move allows users to access traditional financial markets alongside cryptocurrencies. Additionally, Kraken has partnered with Mastercard to enable crypto holders in the U.K. and Europe to use their digital assets at over 150 million merchants worldwide.
Expound the profound-Cut’n thru bs 1 layer @a time
@frankoz95967943
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Apr 17 Once you understand that we ship 1/2 a trilly in US currency every year thru debt payments, stonk gains and dividends to foreign holders, you will understand that:The US govt is fighting an uphill battle in deflation
and
The US consumer and future generations are hyper fucked.
Clinton Alexander
@cogsciclinton
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Apr 13 “In June 2024 outstanding fx dollar obligations was 99 trillion dollars. 99 trillion divided by 113 trillion outstanding means that over 87% of outstanding forex swaps in the world involved dollars.“We are so, so, so, so far from the demise of the dollar.” —
@NathanTankus
The Kobeissi Letter
@KobeissiLetter
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Apr 9 Current estimates show that the basis trade is MASSIVE, and sits around $800 billion.The key point here is that these positions are highly leveraged long positions.When these levered positions are unwound, someone has to absorb the exogenous shock effects.
Clinton Alexander
@cogsciclinton
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Apr 13 “The outstanding obligations to pay US dollars in FX swaps/forwards, mostly very short term, amount to more than $80 trillion. This sum exceeds the stocks of dollar Treasury securities, repo and commercial paper combined.” —Hyun Shin
Sounds Tricky
@SoundsTricky
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Apr 13 So you DONT use a stop loss on spot bags do you?? After seeing this, you bloody well should change that – $5 billion to $500 million in one candle. Protecting your downside is everything – dont be a fool
Adam Livingston
@AdamBLiv
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Apr 4 TRUMP JUST UNLEASHED ECONOMIC NUCLEAR WAR & MSTR WENT UPThe entire legacy market just pulled a Titanic reenactment, sinking violently into the cold, protectionist waters of a tariff iceberg.SPY? Dead.QQQ? Dragged to the bottom.Gold? Crying and screaming.And
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