Kraken said on August 12 that its Kraken Prop funded trading program has added an S&P 500 perpetual product, giving approved traders round-the-clock exposure to the main U.S. equity benchmark using firm capital. The instrument is priced through an index oracle tracking the S&P 500 rather than a standardized futures contract, so it has no expiry date and does not require rollovers. Available in both evaluation and funded accounts, the product offers up to 5x leverage and a maximum notional exposure of $1 million. Traders must first buy an evaluation plan and meet Kraken Prop’s requirements to qualify for funded accounts, with plans starting at $20 and funded account sizes ranging from $5,000 to $200,000. The S&P 500 is the second traditional market on Kraken Prop after the Nasdaq 100, and Kraken has said commodities are planned next as part of a broader multi-asset rollout.