Bitcoin · CME Group · Bitcoin Magazine
Kraken Launches CFTC-Regulated Bitcoin and Crypto Perpetual Futures for U.S. Traders
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
Kraken has launched CFTC-regulated crypto perpetual futures for eligible U.S. traders through its newly acquired Bitnomial platform, bringing the world's most-traded crypto derivatives product under U.S. regulatory oversight.
Key facts
- Products are offered through NinjaTrader Clearing, LLC, doing business as Kraken Derivatives US, a CFTC-registered Futures Commission Merchant
- Kalshi saw more than $1 billion in perpetual trading volume within its first week of offering the product
- To keep contract prices anchored to spot markets, Kraken’s perpetuals use an 8-hour funding rate mechanism
- Arjun Sethi, Co-CEO of Payward and Kraken, framed the offering around operational efficiency
Summary
Kraken has switched on perpetual futures trading for eligible U.S. clients on Kraken Pro, bringing the most-traded crypto derivatives product under domestic regulatory oversight for the first time at scale. The contracts are listed on Bitnomial, a CFTC-licensed exchange, clearinghouse, and brokerage that Kraken’s parent company, Payward, acquired earlier this year. Perpetual futures track the price of an underlying asset without an expiration date. To keep contract prices anchored to spot markets, Kraken’s perpetuals use an 8-hour funding rate mechanism.