US Traders Gain Access to Perpetual Futures on Kraken via CFTC-Approved Platform
Following its purchase of Bitnomial, Kraken introduces new derivatives products as part of an industry-wide effort to relocate crypto derivatives trading to US soil.
On Monday, Kraken introduced perpetual futures trading capabilities for qualified United States customers via Bitnomial, broadening its domestic derivatives product lineup several months following the purchase of the federally supervised exchange platform.
These trading products can be accessed using Kraken Pro and feature contracts linked to prominent digital currencies such as Bitcoin (BTC), Ether (ETH), Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Litecoin (LTC) and Avalanche (AVAX).
Based on the announcement released Monday, these contracts utilize the identical futures wallet as Kraken's current CME-listed cryptocurrency futures offerings, enabling traders to oversee both trading positions through one unified account.
According to Kraken, perpetual futures, which represent a derivative contract category without an expiration date, produced over $60 trillion in worldwide trading volume throughout 2025 and have predominantly been executed on international platforms instead of supervised United States trading venues.
Over the previous year, Kraken has broadened its United States trading product suite, incorporating support for CME-listed cryptocurrency futures in July 2025 and introducing margin trading capabilities for qualified US customers at the beginning of this month.
The Monday product launch follows Kraken's announcement in late May revealing its intention to roll out Commodity Futures Trading Commission (CFTC) supervised perpetual futures via Bitnomial, the cryptocurrency derivatives exchange purchased by its parent organization Payward during April.
US exchanges compete for crypto derivatives market
The introduction of Kraken's new product arrives during a wider movement among United States exchanges to relocate cryptocurrency derivatives trading to domestic shores.
On May 29, the CFTC granted approval to Kalshi's Bitcoin perpetual futures contract and released a no-action position for Coinbase, creating a pathway for supervised perpetual futures instruments in the United States market.
On that identical date, the firm revealed that its Coinbase Financial Markets division would offer United States institutional customers access to international crypto perpetual futures and options trading venues, which according to the exchange represent approximately 80% of worldwide crypto trading volume.
Kalshi simultaneously introduced perpetual futures contracts on May 29, characterizing these products as its most substantial expansion outside prediction markets and a progression toward transforming into a more comprehensive derivatives exchange.
These regulatory approvals arrived after many months of conversations surrounding the introduction of crypto perpetual futures to the United States marketplace.
The CFTC's approval of the KalshiEX BTCPERP is not the end of the regulatory story; it is the beginning.
Gontran de Quillacq, CEO and founder of Navesink International
During a speech delivered in January, CFTC Chair Michael Selig stated the regulatory body would leverage its current authority to facilitate perpetual futures and additional innovative derivatives instruments in the US, contending that prolonged regulatory ambiguity had forced trading operations to international locations.
During his presentation at the Milken Institute's Future of Finance conference several months afterward, Selig indicated the CFTC was developing a regulatory framework for "true perpetual futures" within the US market.
