Kraken Lists LAVA Token for Cross-Chain Data Routing Protocol

Kraken has introduced staking for HYPE tokens, offering users up to 2.2% annual percentage yield (APY). **Key Details:** - HYPE staking now available on Kraken's platform - Maximum APY of 2.2% for stakers - Follows recent launch of AVAX staking (up to 10% APY) This addition expands Kraken's staking portfolio, allowing users to earn passive income on their HYPE holdings. The relatively modest APY reflects current market conditions for this token. For complete details on staking requirements, lock-up periods, and how to get started, visit [Kraken's announcement](https://blog.kraken.com/product/staking/announcing-hype-staking).

Kraken Derivatives has introduced a new perpetual futures contract for SpaceX with 5x leverage. This product allows traders to take positions on SpaceX's valuation without owning the underlying asset. **Key details:** - Available on Kraken's derivatives platform - Maximum leverage of 5x - Perpetual contract structure (no expiration date) - Follows Kraken's previous expansion into FX perpetuals The listing expands Kraken's derivatives offerings beyond traditional crypto assets, providing exposure to private company valuations through tokenized instruments. [Read the full announcement](https://blog.kraken.com/product/kraken-derivatives/spacex-5x-leverage-perp)

Kraken has launched **$SPCXX perpetual futures**, allowing traders to speculate on SpaceX's valuation before its IPO. **Key features:** - Up to **5x leverage** available - Long or short positions supported - Multi-collateral margin system - No expiry date on contracts - Can be used to hedge existing SpaceX positions The product follows a similar launch by Bitget in May 2026. Geographic restrictions apply to the Kraken offering. [Start trading on Kraken Pro](https://proapp.kraken.com/9f1e/SPCXX)

Kraken is launching IPO Access, starting with SpaceX's public offering through its xStocks platform (ticker: SPCXx). **Key Details:** - First major IPO available on Kraken's new platform - Users can view price range and submit interest through the Kraken app - Limited time window to participate - Access via [Kraken app](https://app.kraken.com/JDNW/SPCXx) This marks Kraken's expansion beyond traditional crypto trading into equity markets, making previously hard-to-access IPOs available to its user base.

Kraken is preparing to offer a highly anticipated IPO as a tokenized equity on its platform. The exchange has not yet disclosed which company's IPO will be tokenized or when it will become available. **Background:** - Kraken previously announced plans to offer tokenized equities trading 24/7 on BNB Chain - Partnership with xStocks enables on-chain equity trading outside traditional market hours Tokenized equities represent traditional stocks as blockchain-based tokens, allowing for round-the-clock trading and fractional ownership. Full details about the specific IPO offering are expected to be released soon.