Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks
Kraken said it expects to launch CFTC-regulated perpetual futures in the US within 30 days, following CFTC approval of the product. The contracts will trade on Bitnomial Exchange, a CFTC-regulated venue recently acquired by Kraken’s parent, Payward, in a deal worth up to $550 million. Kraken said the move is meant to bring crypto perpetuals “onshore” for US clients on Kraken Pro. The company said a filing had been submitted, but no specific Bitcoin perpetual filing was visible in Bitnomial’s recent CFTC records as of Sunday. Similar applications can be filed confidentially. The launch comes amid a broader race among US crypto firms to offer regulated perpetuals. Coinbase also moved quickly after the CFTC decision to give institutional clients access to global crypto derivatives through Deribit. The CFTC and SEC have both signaled support for bringing perpetual futures into regulated US markets.
