Kraken rolls out perpetual futures for US traders through CFTC-regulated venue

Kraken launched perpetual futures trading for US-based retail traders on May 21, 2024, utilizing its regulated venue. This expansion into derivatives trading for US customers follows Kraken's acquisition of the US-based derivatives exchange Bitnomial in September 2023. The move aims to bring crypto derivatives trading onshore and provide US traders with access to products previously only available offshore. Kraken stated that the new offering will be available through its US entity, Kraken Futures, which operates under the oversight of the Commodity Futures Trading Commission (CFTC). Initially, the platform will support perpetual futures contracts for Bitcoin (BTC) and Ether (ETH), with plans to introduce additional cryptocurrencies in the future. The company emphasized its commitment to regulatory compliance and providing a secure trading environment for its users. This initiative represents a significant step for Kraken in broadening its product suite within the US market and catering to the growing demand for regulated crypto derivatives.