Kraken said on August 12 that its Kraken Prop funded trading program now offers the S&P 500 as a perpetual product, giving approved traders round-the-clock access to U.S. equity benchmark exposure using firm capital rather than their own funds. The product is priced off an index oracle tracking the S&P 500 rather than a standardized futures contract, so it has no expiration date or rollover requirement. Traders who clear the platform’s evaluation process can access funded account sizes from $5,000 to $200,000 through plans starting at $20, with up to 5x leverage and a maximum notional exposure of $1 million. The S&P 500 joins the Nasdaq 100 as the second traditional market available through Kraken Prop, and Kraken has said commodities are next as part of a broader multi-asset rollout. The launch follows Kraken’s July move to offer retail investors access to Jersey Mike’s initial public offering through direct share allocations in the U.S. and tokenized shares in more than 110 countries, underscoring the exchange’s push into traditional financial products.