Kraken launched perpetual futures trading for eligible US customers through Bitnomial, its federally regulated crypto derivatives platform, broadening its domestic offerings in a competitive market. The new contracts cover leading cryptocurrencies such as Bitcoin, Ether, Solana, XRP, Cardano, Chainlink, Dogecoin, Litecoin, and Avalanche.
These perpetual futures, which do not have an expiration date, share the same wallet ecosystem as Kraken’s existing CME-listed futures, enabling traders to manage multiple positions seamlessly within a single account. This integration simplifies risk management and position oversight for US investors using the Kraken Pro interface.
Perpetual futures represent a significant segment of global crypto derivatives, generating over $60 trillion in trading volume internationally in 2025, though most volume has traditionally occurred on offshore venues. By offering these products through a CFTC-regulated exchange, Kraken addresses growing regulatory demands and the desire to shift crypto derivatives trading to onshore US platforms.
This launch follows Kraken’s recent introduction of CME-listed crypto futures and margin trading for US users and aligns with a broader industry movement toward regulated domestic derivatives markets. In recent months, the Commodity Futures Trading Commission (CFTC) has approved perpetual futures products for Kalshi and signaled increased regulatory support to accommodate innovative crypto derivatives in the US.
Bitnomial, acquired by Kraken’s parent Payward earlier this year, serves as the vehicle for these regulated perpetual futures. The move also places Kraken alongside other US exchanges like Coinbase Financial Markets and Kalshi, which are expanding their crypto derivatives offerings amid mounting demand for transparent and compliant trading options.
Regulators have recognized the outflow of trading activity to overseas platforms due to prior regulatory uncertainty. CFTC Chair Michael Selig emphasized in public statements the agency’s commitment to applying its existing authority to foster a framework supporting true perpetual futures within the United States, signaling a clearer path for such products domestically.
Kraken’s effort marks a notable shift in the US crypto trading landscape, as exchanges race to capture market share by providing compliant and accessible derivatives products tied to top digital assets.