Kraken futures xRP perpetuals recorded $280M in daily

Kraken Futures XRP perpetuals recorded $280M in daily volume, up 18% from last week. Tight price bands around $0.65 suggest possible breakout driven by contract rollovers later this week. “This initiative is designed to strengthen localised operations, address evolving global regulatory requirements, and build a strong talent reserve for the company’s future strategic growth.” The launch of both Perps and xStocks is seen as part of a broader corporate strategy ahead of the exchange’s potential IPO in 2026. The firm is reportedly seeking $500 million in new funding ahead of the expected public offering, and the launch of new derivatives and services could serve as a means to attract potential investors. Kraken Futures BTC funding rates turned slightly positive at 0.012%, signaling renewed long positioning. Combined with stable open interest, this may indicate bullish sentiment returning to the market after a week of consolidation.