Kraken Enables Perpetual Futures Trading for $FLOKI, Boosting Credibility for the Memecoin

Kraken, one of the top US-based cryptocurrency exchanges, has recently announced the addition of Perpetual Futures Trading for $FLOKI, a popular memecoin in the crypto space. With this new feature, Kraken’s expansive user base of over 10M, including institutional investors, now has the opportunity to take both long and short positions on $FLOKI.

The top US-based cryptocurrency exchange, #Kraken, has just enabled Perpetual Futures Trading for $FLOKI!

This feature allows its 10 million+ users, including many institutional investors, to take either a long or short position on #FLOKI.

This listing adds significant… https://t.co/MDe8sdRcna pic.twitter.com/e9Wpr7zrCc

— FLOKI (@RealFlokiInu) May 15, 2024

Kraken Recognizes $FLOKI as a Mature Asset

The decision to enable Perpetual Futures Trading for $FLOKI underscores Kraken’s recognition of the coin as a mature asset within the digital asset landscape. By offering this trading option, Kraken adds significant credibility to $FLOKI, reinforcing its status as a legitimate investment option in the eyes of leading cryptocurrency platforms. DWF Labs also congratulated Floki for this listing.

However, Kraken has clarified that $FLOKI trading will not be available in certain regions where its services are not provided. These jurisdictions include Afghanistan, Syria, Belarus, Cuba, Russia, Iran, North Korea, and some parts of the US (reportedly). This decision aligns with Kraken’s commitment to regulatory compliance and ensuring that its services adhere to applicable laws and regulations.

$FLOKI Shows Resilience and Growth Amidst Market Fluctuations

Despite the sideways movement of flagship cryptocurrency Bitcoin ($BTC), $FLOKI has demonstrated strong performance alongside other memecoins in the market. Over the last 30 days, $FLOKI has seen a notable increase of 50%, highlighting its popularity and resilience within the cryptocurrency community.

The addition of Perpetual Futures Trading for $FLOKI on Kraken not only expands trading opportunities for users but also further legitimizes the memecoin as a viable investment option. As the cryptocurrency market continues to evolve, platforms like Kraken play a crucial role in providing users with access to a diverse range of digital assets, ultimately contributing to the growth and maturation of the crypto ecosystem.