xStocks not available in Canada. Geo restrictions apply. See kraken.com/legal/xstocks to learn more.

xStock perpetuals are unavailable in your region
ProPerpsXstocks Perpetuals

xStocks perpetuals

Trade xStocks around the clock

Long or short the biggest brands, with leverage, 24/7.
Stock Perps on Kraken Pro

Available on

Pick an xStock. Pick a direction.

Trade Tesla, Nvidia, SpaceX and more, as perpetuals. Go long or short, with up to 20x leverage, on a licensed venue.

Trade the names you follow, in both directions

Go long on conviction or short a name into weakness. Google, Apple, Amazon and more now as perps, with the same execution tools you use on crypto.
Go long or short

Get equity exposure without a brokerage

Take a position on a stock’s move without opening a brokerage account, offramping, or custodying shares. No need to own the underlying, just trade the price.
Equity exposure - NVIDIA, Tesla, SpaceX and Apple

Size up with leverage

Apply leverage to a directional view and free up capital for other positions, with stop-loss, take-profit and liquidation levels visible before you enter.
Perps equities leverage

Trade earnings and news 24/7

React to earnings and headlines when they land, not just at the next US open. Trade stock perpetuals 24/7, including weekends.
Abstract green and black geometric design with circular elements.
$2T+
Total transaction volume
190+
Supported countries
13M+
Registered users
15+ years
Operating since 2011

How it works on Kraken Pro

Four simple steps from funding one account to managing an open commodity position.

1.

Fund your account
Deposit crypto or fiat as collateral. One balance funds positions across all available perpetuals.

2.

Pick a stock
Choose an xStocks perpetual and set direction, long or short.

3.

Size with leverage
Apply leverage within your limits, set your entry, and place protective orders before you commit.

4.

Manage the position
Track funding, watch your liquidation level, and close or scale out with reduce-only orders.

xStocks perps FAQs

On Kraken Pro. Trade equities as xStocks perpetuals, long or short, up to 20x, 24/7, in the same account as crypto, with no share custody required.
No. xStocks perpetuals are leveraged derivatives that track the share price. You take a position on the move, you don't hold or custody the stock.
Trade APPLx, AMZNx, GOOGLx, TSLAx, NVDAx and more. We're adding new names over time.
Up to 20x in eligible regions. Leverage magnifies gains and losses, and most retail derivatives accounts lose money.
xStocks perpetuals are available everywhere Kraken operates, except the US, UK, Canada, Australia, India, UAE, Philippines, Kazakhstan, New Zealand, Singapore, and Hong Kong, as well as sanctioned countries. Geo restrictions apply.

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Payward Digital Solutions Ltd. is licensed to conduct digital asset business by the Bermuda Monetary Authority. Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken Derivatives’ risk disclosure to learn more.

Trading on margin involves significant risk and may not be suitable for all investors. You could lose more than your initial investment. Spot margin trading products are offered by Payward Trading Ltd, incorporated in the British Virgin Islands (BVI). This content is for informational purposes only and does not constitute financial or investment advice. Product availability may vary by jurisdiction. Please ensure you fully understand the risks involved before trading. Past performance is not indicative of future results.



xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (PDSL), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks are not, nor will they be registered with any local securities regulators. PDSL (Kraken) does not provide investment advice and/or recommendations, and, no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability / appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at assets.backed.fi/legal-documentation to learn more.



×Stocks Perps are offered to eligible Kraken customers via Payward Digital Solutions Ltd. ("PDSL"), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. Neither this product nor xStocks are or will be registered with any local securities regulators. Trading derivatives involves a high level of risk and may not be suitable for all investors. You may lose more than your initial investment. This is not investment advice. Not available in the US and other geographic restrictions apply. For the full terms and conditions, please refer to Kraken's Terms of Service.



Kraken Prop is an unregulated service. This evaluation program is intentionally rigorous and designed to verify a trader’s risk-management skill and strategy discipline before any proprietary capital is allocated by Payward Oceanic Ltd. Most applicants do not pass on their first attempt and there is no guarantee that your performance will improve or that you will pass any future evaluations. Prospective traders should purchase an evaluation only if they are confident in their trading ability and knowingly accept the risk of not qualifying for a funded account. Evaluation fees are non-refundable for each attempt once trading begins, regardless of outcome.