Kraken Set to Launch CFTC-Regulated Perpetual Futures Contracts
- Kraken plans to launch CFTC-regulated perpetual futures contracts in the US within the next 30 days.
- The contracts will be listed on Bitnomial Exchange, acquired by Kraken’s parent company, Payward, for up to $550 million.
- No specific filing for a Bitcoin (BTC) perpetual contract was found among Bitnomial’s recent CFTC filings as of Sunday morning.
- Coinbase Financial Markets quickly responded to the CFTC approval by offering access to global crypto options and perpetual futures through Deribit.
- CFTC Chair Michael Selig emphasized the importance of having crypto asset perpetual contracts under American oversight and standards.
The upcoming launch of regulated perpetual futures is significant as it marks a shift toward onshore trading for these instruments, which have been largely offshore due to regulatory constraints. The involvement of major exchanges like Kraken and Coinbase highlights the competitive landscape in the US market for crypto derivatives.
With Kraken’s plans to introduce these contracts soon, US clients will gain new trading opportunities in Bitcoin derivatives, enhancing market accessibility and compliance with local regulations. (Source)
