Crypto Exchange Kraken Launches FX Perpetual Futures, Offers 24/7 Trading in Forex Majors

Yahoo18-04-2025

Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday.
The first contracts, EUR/USD and GBP/USD, are now live on Kraken Pro, with more to follow.
Unlike standard forex products, FX perps have no expiry and operate 24/7, mirroring crypto futures.
With FX perps, Kraken is doubling down on serving institutional and professional traders looking for deeper exposure to fiat markets through a crypto-native platform, the company said.
Crypto and traditional financial markets are increasingly converging.
Kraken recently launched commission-free trading for U.S.-listed stocks and exchange-traded funds (ETFs), opening access to traditional financial markets from within the same platform it uses for cryptocurrencies and positioning itself to compete more directly with trading platforms like Robinhood (HOOD).
"Investors increasingly expect a unified trading experience that spans crypto, FX, and equities. With our recent U.S. equities launch and the addition of FX perpetuals, Kraken is delivering a comprehensive platform designed for today's multi-asset trader," said Alexia Theodorou, head of derivatives at Kraken, in emailed comments.
Kraken clients traded $5.4B in FX spot volume year-to-date, with $3.5B of it in EUR/USD and GBP/USD.
The exchange is teaming up with Mastercard to let crypto holders in the U.K. and Europe spend their digital assets at more than 150 million merchants worldwide, Mastercard said earlier this month Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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From Chandelier to Cube: The Versatile Forms of 6:AM's '▢ [quadrato]' Collection

Hypebeast

5 hours ago

Hypebeast

From Chandelier to Cube: The Versatile Forms of 6:AM's '▢ [quadrato]' Collection

Summary 6:AM Glassworkshas recently unveiled its new '▢ [quadrato]' collection, a visual statement that reinterprets Murano-blown glass through essential lines and geometric forms. This innovative series draws inspiration from the industrial lamps of the 1920s, blending the rational language of the Bauhaus movement with the minimalist aesthetic championed by Malevich. The resulting collection spotlights modular lighting pieces, where intricate details, such as air bubbles, grooves and transparencies, contribute to each product's unique narrative. ' ▢ [quadrato]' was debuted during this year'sMilan Design Week, where it was featured within theTwo-Fold Silenceexhibition held at Piscina Cozzi — a historic former public bath. This setting provided a unique immersion into the brand's creative universe, allowing visitors to experience the interplay of rationality and instinct, as well as form and intuition that define the collection. The collection offers a versatile range of lighting solutions, available in suspension, wall, table, and floor variations. A notable piece within the collection is the ▢ [EXIT], which features screen-printed lattimo glass and a painted iron structure. Inspired by emergency lamps from the '20s, its pattern replicates pre-plastic designs, blending functionality with artistic craftsmanship in a striking red and white palette. Another standout piece worth mentioning is the ▢ [quadrato 36], a contemporary reinterpretation of the classic chandelier. This striking installation, composed of 36 hand-blown glass cubes, recalls the purity of Bauhaus aesthetics. Its planar arrangement emphasizes geometric precision, forming a floating grid of illuminated cubes that can be inquired about upon request. Crafted from lattimo handblown glass and powder-coated iron, the '▢ [quadrato] collection' exemplifies 6:AM's commitment to transforming functional objects into aesthetic and architectural pieces. Prices vary between €900 – €5,200 EUR (approx $1,035 – $5,978 USD) across the collection, with the exception of ▢ [quadrato 3 being available upon request. For more information, head over to 6:30's officialwebsite.

Why MasterCard (MA) Dipped More Than Broader Market Today

Yahoo

8 hours ago

Yahoo

Why MasterCard (MA) Dipped More Than Broader Market Today

MasterCard (MA) closed the most recent trading day at $562.03, moving -4.62% from the previous trading session. This move lagged the S&P 500's daily loss of 1.13%. Elsewhere, the Dow lost 1.79%, while the tech-heavy Nasdaq lost 1.3%. The processor of debit and credit card payments's shares have seen an increase of 1.22% over the last month, surpassing the Business Services sector's gain of 0.81% and falling behind the S&P 500's gain of 3.55%. The investment community will be closely monitoring the performance of MasterCard in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $4.05, reflecting a 12.81% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $7.95 billion, indicating a 14.16% growth compared to the corresponding quarter of the prior year. MA's full-year Zacks Consensus Estimates are calling for earnings of $15.98 per share and revenue of $31.85 billion. These results would represent year-over-year changes of +9.45% and +13.09%, respectively. It's also important for investors to be aware of any recent modifications to analyst estimates for MasterCard. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.17% increase. Right now, MasterCard possesses a Zacks Rank of #3 (Hold). Looking at valuation, MasterCard is presently trading at a Forward P/E ratio of 36.88. Its industry sports an average Forward P/E of 15.91, so one might conclude that MasterCard is trading at a premium comparatively. It is also worth noting that MA currently has a PEG ratio of 2.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Financial Transaction Services industry was having an average PEG ratio of 1.37. The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 52, putting it in the top 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio

Spectris says company Board rejected KKR preliminary proposal

Business Insider

9 hours ago

Business Insider

Spectris says company Board rejected KKR preliminary proposal

Spectris said in a statement that its Board 'notes the media speculation regarding a possible offer for Spectris by KKR (KKR).' 'The Board confirms that it received a preliminary and conditional proposal from Kohlberg Kravis Roberts & Co. L.P., acting as an advisor to its affiliated investment funds and separately managed accounts regarding a possible cash offer for the entire issued and to be issued ordinary share capital of Spectris on 5 June 2025. The Board rejected the KKR Proposal. The KKR Proposal follows an earlier proposal from KKR to the Board. No further proposal from KKR has been received. Under the Code, KKR has requested access to equivalent due diligence information as provided by Spectris to Advent International Limited. KKR is reviewing this information. In accordance with Rule 2.6(a) of the Code, KKR is required, by not later than 5.00 p.m. on 11 July 2025, either to announce a firm intention to make an offer for Spectris in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code. There can be no certainty that any offer will be made by KKR or as to the terms of any such offer. Further to the announcement on 9 June 2025, Spectris remains in discussions with Advent regarding a possible cash offer for Spectris by Advent at an offer value of GBP 37.63 per Spectris share.'