Bitcoin · Ethereum · Cointelegraph
Kraken launches perpetual futures for US traders through CFTC-regulated venue
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The offering follows Kraken's acquisition of Bitnomial and comes amid a broader push to bring crypto derivatives trading onshore.
Key facts
- Kraken said perpetual futures, a type of derivative contract with no expiration date, generated more than $60 trillion in global trading volume in 2025 and have largely been traded on offshore
- Kraken has expanded its US trading offerings over the past year, adding support for CME-listed crypto futures in July 2025 and launching margin trading for eligible US customers earlier this month
- On May 29, the CFTC approved Kalshi's Bitcoin perpetual futures contract and issued a no-action position for Coinbase, paving the way for regulated perpetual futures products in the domestic market
- That same day, the company announced that its Coinbase Financial Markets unit would provide US institutional clients access to global crypto perpetual futures and options markets, which the exchange
Summary
Kraken on Monday launched perpetual futures trading for eligible US users through Bitnomial, expanding its domestic derivatives offerings months after acquiring the federally regulated exchange. The products are available through Kraken Pro and include contracts tied to major cryptocurrencies including Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX). According to Monday's announcement, the contracts share the same futures wallet as Kraken's existing CME-listed crypto futures products, allowing traders to manage both positions from a single account. Kraken said perpetual futures, a type of derivative contract with no expiration date, generated more than $60 trillion in global trading volume in 2025 and have largely been traded on offshore platforms rather than regulated US venues.