Crypto exchange Kraken has launched perpetual futures trading for eligible US clients, allowing traders to access the derivatives product through a regulated domestic platform. The contracts are available on Kraken Pro and operate under the regulatory framework of Kraken’s recently acquired derivatives business, Bitnomial.
According to the official release, the move, announced on Monday, expands Kraken’s US derivatives offering and places perpetual futures alongside spot, margin, and traditional futures trading within a single account structure.
The launch introduces a widely used crypto derivatives product to eligible US traders through a CFTC-regulated venue, addressing a market segment that has largely operated outside the United States.
Perpetual futures arrive through Bitnomial acquisition
The launch follows Kraken parent company Payward’s acquisition of Bitnomial earlier this year. Bitnomial holds licenses as a derivatives exchange, clearinghouse, and brokerage regulated by the Commodity Futures Trading Commission (CFTC).
According to Kraken, those licenses allow eligible US customers to trade perpetual futures contracts within the CFTC regulatory perimeter. Perpetual futures are a type of derivative contract that tracks the price of an underlying asset without a fixed expiration date. Unlike traditional futures contracts, traders do not need to roll positions forward as contracts mature.
Product expands Kraken’s US derivatives lineup
With the addition of perpetual futures, Kraken Pro now offers spot trading, margin trading, traditional futures, and perpetual contracts through the same platform. The exchange said traders can manage futures and perpetual positions using a shared collateral pool, reducing the need to move assets between separate accounts or venues.
Perpetual futures have become one of the most actively traded instruments in the crypto market. Kraken cited more than $60 trillion in global perpetual futures volume during 2025, highlighting the product’s importance in digital asset trading.
Arjun Sethi, Co-CEO of Payward and Kraken, said the company’s objective is to allow traders to manage multiple products from a single venue. He noted that spot, margin, futures, and perpetual contracts can now be accessed through the same account structure.
Kraken builds on recent global expansion efforts
The launch of CFTC-regulated perpetual futures follows several recent expansion initiatives by Kraken. Earlier this month, the exchange became the first major US-based centralized crypto exchange to natively support the Tempo Layer 1 blockchain, allowing fintech firms, payment providers, neobanks, and stablecoin issuers building on the network to access Kraken’s liquidity, custody, fiat on- and off-ramps, and OTC trading services. The integration also enabled deposits and withdrawals of USDT0 and USDC.e on the Tempo network through Kraken.
In May, Kraken’s parent company, Payward, received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to pursue broker-dealer, investment, and management licenses. Once fully licensed, Kraken expects to offer spot trading, margin trading, OTC services, staking, institutional products through Kraken Prime, and AED deposit and withdrawal support, giving UAE-based clients direct access to the exchange’s global liquidity network.
Availability limited to eligible US clients
Kraken said perpetual futures with no expiry are now available to eligible US customers through Kraken Pro. The company noted that eligibility requirements and product availability may vary depending on jurisdiction.
The launch comes as US regulators and crypto firms continue to explore frameworks for bringing more digital asset derivatives products into regulated domestic markets.
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