Kraken Launches SpaceX Perpetual Futures with 5x Leverage

Kraken has launched trading for SpaceX shares, marking the first company available through its new IPO Access program. **Key Details:** - U.S. traders can access SPCX shares directly - International traders can use xStocks (SPCXx) - Trading is now live on the platform This follows a brief allocation window where users could submit interest in the IPO. Kraken plans to add more companies to its IPO Access program. [Trade SPCX now](https://app.kraken.com/JDNW/SpaceX)

Kraken has introduced a new feature allowing tokenized stocks (xStocks) to be used as collateral for perpetual futures trading - marking the first time this functionality is available onchain. **Key Development:** - xStocks, tokenized versions of traditional stocks and ETFs, can now serve as collateral for perpetual contracts - This creates new financial infrastructure bridging traditional and crypto markets - The feature builds on Kraken's earlier launch of tokenized stocks through partnership with Backed Finance This integration represents a significant step in bringing traditional finance instruments onchain, allowing traders to leverage their stock positions in crypto derivatives markets without selling their underlying assets.

**Kraken has been named the Official Crypto Exchange Supporter of the FIFA World Cup 2026** in North America and Europe. The partnership positions Kraken as a key crypto platform during one of the world's largest sporting events. The exchange aims to provide accessible entry points into cryptocurrency for diverse audiences, from seasoned crypto users to newcomers. This sponsorship follows a broader trend of crypto integration in major sports, with platforms like Chiliz and Avalanche also securing FIFA partnerships. The 2026 World Cup could serve as a significant catalyst for mainstream crypto adoption, bridging sports engagement with digital finance. The tournament will be held across North America, offering Kraken visibility to a massive global audience during the month-long event.

Kraken Financial has secured a **Federal Reserve master account**, marking a significant milestone as the first digital asset bank with direct access to the U.S. payments system. **Key Development:** - Direct connection to Federal Reserve payment rails - First crypto-native institution to achieve this status - Bridges digital assets with traditional financial infrastructure This follows the Federal Reserve's April 2025 withdrawal of restrictive crypto guidelines for banks, which opened the door for Bitcoin-based services like checking accounts and crypto-backed loans in traditional banking. The master account grants Kraken Financial the ability to settle transactions directly through the Federal Reserve, eliminating intermediary banks and potentially reducing costs and settlement times for customers. [Read the full announcement](https://blog.kraken.com/news/federal-reserve-master-account)

**Kraken adds $ZAMA to its listing roadmap**, marking a significant step for blockchain privacy technology. **What is ZAMA?** - Confidentiality layer for public blockchains like Ethereum and Solana - Uses Fully Homomorphic Encryption (FHE) technology - Enables compliant privacy for onchain finance **The Privacy Problem** ZAMA addresses blockchain transparency as a vulnerability rather than a feature, bringing encrypted computation to public chains. **Recent Developments** - KuCoin previously featured ZAMA through a Dutch-style bidding mechanism - Fair price discovery with anti-whale protections - Market-driven approach with up to 10 strategic bids per participant *Geographic restrictions may apply for Kraken listings* [View Kraken's full roadmap](https://kraken.com/listings)