Kraken has launched perpetual futures trading in Europe, enabling users to leverage crypto assets as collateral. This move marks a significant step towards regulated innovation in the region’s financial landscape. Kraken operates under MiFID II and MiCA oversight for full regulatory compliance, offering traders enhanced flexibility and efficiency in capital management. The platform now supports over 150 perpetual futures markets with up to 10x leverage, allowing users to trade without immediate fiat conversion. Kraken utilizes a combination of its Irish entity for client collateral custody and its UK MTF (Multilateral Trading Facility) for global liquidity, ensuring both European regulatory compliance and international market depth.