xStocks Perps on Kraken

Q: What are xStocks Perps?

xStocks Perps are perpetual futures contracts that track the price of certain major market benchmarks, such as: AAPLx (Apple) CRCLx (Circle Internet Group) GLDx (Gold exposure) GOOGLx (Alphabet Inc) HOODx (Robinhood Markets Inc) MSTRx (Strategy Inc) NVDAx (Nvidia Corp) QQQx (Nasdaq 100 exposure) SPYx (S&P 500 exposure) TSLAx (Tesla Inc) Because they are perpetuals, they can be traded 24/7 , without traditional market open/close constraints.

Last updated: Feb 24, 2026

xStocks Perps (Perpetual Futures) let you trade select traditional-market exposures as perpetual futures, with crypto-native features like 24/7 trading and leverage. Click here for the full list of xStocks available as xStocks Perps.

What are xStocks Perps?

xStocks Perps are perpetual futures contracts that track the price of certain major market benchmarks, such as:

•
AAPLx (Apple)
•
CRCLx (Circle Internet Group)
•
GLDx (Gold exposure)
•
GOOGLx (Alphabet Inc)
•
HOODx (Robinhood Markets Inc)
•
MSTRx (Strategy Inc)
•
NVDAx (Nvidia Corp)
•
QQQx (Nasdaq 100 exposure)
•
SPYx (S&P 500 exposure)
•
TSLAx (Tesla Inc)

Because they are perpetuals, they can be traded 24/7, without traditional market open/close constraints.

Key features

24/7 trading

Trade stocks, S&P 500, Nasdaq 100, and Gold exposure around the clock, including weekends and holidays.

Leverage (up to 20x)

xStocks Perps support up to 20x leverage, allowing you to take larger positions with less upfront capital (which also increases risk).

Flexible collateral

Use the same collateral you already use for margin or Derivatives, including stablecoins and supported crypto assets.

Long or short

Like other perpetual futures, you can take positions in either direction, depending on your market view.

Note:

xStocks Perps is only available in certain regions, with more coming soon!

Trading xStocks Perps

How to trade xStocks Perps on the Kraken App

1
Tap the Trade button. From the trade options presented, select Trade with leverage.
2
Choose your asset: Use the search bar to find the xStock you'd like to trade. Remember, at this time, only certain xStocks are available as xStocks Perps.
3
Select a direction: Choose Price rise if you think the price will increase. Choose Price fall if you think the price will decrease.
4
Type your amount and adjust your leverage: Your position size will be the value entered multiplied by the leverage amount.
5
Set risk options: You can edit the Max Profit and Max Loss settings if needed.
6
Review and execute: Confirm your setup and open the trade.
7
Manage actively: Track your position in the Kraken app and adjust as needed.