Kraken Launches Perpetual Futures Trading for US Users
- Kraken launched perpetual futures trading through Bitnomial for eligible US users, expanding its derivatives offerings.
- The contracts include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and others.
- Perpetual futures generated over $60 trillion in global trading volume in the past year, primarily on offshore platforms.
- This launch follows Kraken’s acquisition of Bitnomial, a CFTC-regulated exchange, earlier this year.
- US exchanges are increasingly competing to bring crypto derivatives trading onshore amid recent regulatory approvals.
Kraken’s introduction of perpetual futures aligns with a broader trend among US exchanges to offer regulated derivatives products, following the CFTC’s approval of similar contracts by Kalshi and Coinbase. This move is significant as it aims to capture a share of the $60 trillion market that has largely been dominated by offshore platforms.
With this launch, Kraken enhances its offerings for US traders by providing access to new derivative products linked to major cryptocurrencies like Cardano (ADA) and Dogecoin (DOGE). (Source)
