Key facts
- Kraken has launched regulated perpetual futures contracts for U.S. traders.
- The launch allows Kraken to compete in the U.S. derivatives market.
- Kraken acquired Bitnomial to facilitate this launch.
- The Commodity Futures Trading Commission (CFTC) approved the launch.
- Perpetual futures are a widely traded crypto derivative product.
Kraken has officially launched regulated perpetual futures contracts for traders within the United States. This launch represents a significant step for the cryptocurrency exchange, bringing a popular and widely traded crypto derivative product directly to the U.S. market. The expansion into U.S. derivatives trading was made possible by Kraken's acquisition of Bitnomial, a U.S.-based derivatives exchange. Following this acquisition, Kraken received approval from the Commodity Futures Trading Commission (CFTC), a key regulatory body. This approval and acquisition position Kraken to directly compete with other exchanges that have also recently established a presence in the U.S. derivatives market. Perpetual futures are a type of derivative contract that allows traders to speculate on the future price of an asset without an expiry date, making them a popular tool in the crypto trading landscape.