Kraken Parent Payward Seeks CFTC Approval for U.S. Perpetual Futures
- Payward, Kraken’s parent company, has filed to launch CFTC-regulated perpetual futures in the U.S.
- The proposed derivatives will cover BTC, ETH, SOL, XRP, and ADA.
- Trading is not yet live, pending a mandatory regulatory review period of up to 30 days.
- Products will be listed through Bitnomial, a CFTC-registered Designated Contract Market.
Kraken’s move to file for CFTC-regulated perpetual futures signifies an important step towards providing compliant trading options for eligible U.S. traders in a market traditionally dominated by global platforms. The inclusion of major cryptocurrencies like BTC and ETH alongside other large-cap tokens could reshape the altcoin market structure by offering more regulated access.
This filing marks a potential shift in the U.S. crypto derivatives landscape, contingent on regulatory approval and product availability post-review period completion. (Source)
