Kraken Launches Perpetual Futures Trading for US Users
- Kraken introduced perpetual futures trading via Bitnomial, expanding its offerings for eligible US users.
- Contracts are available for major cryptocurrencies including Bitcoin, Ether, Solana, and others.
- Perpetual futures generated over $60 trillion in global trading volume in the previous year.
- The launch follows Kraken’s acquisition of Bitnomial, a federally regulated exchange, earlier this year.
- This move aligns with a broader trend of US exchanges seeking to bring crypto derivatives trading onshore.
The launch of perpetual futures by Kraken is significant as it allows traders to manage multiple positions from a single account, enhancing user experience and accessibility in the regulated market.
With over $60 trillion in trading volume attributed to perpetual futures last year, Kraken’s new offerings could reshape the landscape for crypto derivatives in the US market. (Source)
