Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders

Perpetuals trade alongside spot, margin and CME-listed futures on Kraken Pro, giving US traders a unified view of crypto derivatives in one interface.

CHEYENNE, Wyo.--(BUSINESS WIRE)--Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, has set out plans to launch the first CFTC-regulated perpetual futures in the US in the next 30 days.

Eligible US clients will be able to trade perpetual futures on Kraken Pro, giving them domestic access to the contract that drives most global crypto derivatives volume, integrated alongside spot, margin and CME-listed futures on a single interface.

Perpetual contracts are derivatives that provide continuous exposure to an underlying asset without an expiration date, eliminating the need to roll positions. This enables clients to maintain uninterrupted market exposure with greater flexibility and operational efficiency than traditional futures contracts. Perpetuals are the most widely-traded derivatives in digital asset markets, with annual trading volume reaching over $60 trillion in 2025.

Until now, US traders have had limited regulated options to access them, with most activity taking place offshore. Today's announcement sets in motion plans to bring that activity onshore through a CFTC-regulated venue.

Per the filing submitted today, the contracts will be listed on Bitnomial, a CFTC-regulated exchange recently acquired by Kraken's parent company, Payward. They feature continuous pricing, no expiration and an eight-hour funding rate, matching the conventional structure for crypto perpetuals, within the same futures wallet as Kraken's existing CME-listed contracts so traders can manage CME futures and crypto perpetuals positions side by side.

Eligible clients will be able to trade a suite of major digital assets, including BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC and AVAX. Kraken intends to expand the contract set and product functionality, including broader collateral options, over time.

“US traders have been waiting for a regulated, domestic way to trade the product that defines global crypto derivatives markets,” said John Palmer, Global Head of Derivatives at Kraken. “We’re giving them that access alongside the spot and futures markets they already use on Kraken Pro. Perpetuals, spot, margin and CME-listed futures now sit on one interface, and that changes how US clients build and manage crypto positions."

Today’s news follows a sequence of US product releases over the past year. In July 2025, Kraken launched support for CME-listed crypto futures alongside its spot markets. Earlier this month, it launched CFTC-regulated spot margin trading for eligible US traders.

Perpetuals are offered on Kraken Pro through NinjaTrader Clearing, LLC dba Kraken Derivatives US, a CFTC-registered Futures Commission Merchant. Kraken spot margin and perpetual futures are offered on and subject to the rules of Bitnomial Exchange, LLC, a CFTC Designated Contract Market (DCM).

For more information, please visit https://www.kraken.com/features/futures.

About Kraken

Founded in 2011, Kraken is one of the world’s longest-standing and most secure crypto platforms globally. Kraken clients trade more than 600 digital assets, traditional assets such as U.S. futures and U.S.-listed stocks and ETFs, and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Trusted by millions of institutions, professional traders and consumers, Kraken is one of the fastest, most liquid and performant trading platforms available.

Kraken’s suite of products and services includes the Kraken App, Kraken Pro, the Krak App, Kraken Institutional, Kraken’s onchain offerings and the Ninja Trader retail trading platform. Across these offerings, clients can buy, sell, stake, earn rewards, send and receive assets, custody holdings, and access advanced trading, derivatives, and portfolio management tools.

Kraken has set the industry standard for transparency and client trust, and it was the first crypto platform to conduct Proof of Reserves. It complies with regulations and laws applicable to its business, while actively protecting client privacy and maintaining the highest security standards.

For more information about Kraken, please visit www.kraken.com.

Futures trading involves substantial risk and is not suitable for everyone. Losses may exceed the initial investment. Past performance is not necessarily indicative of future results. View Risk Disclosure Statement.

Brokerage services are provided by NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant and NFA Member (NFA ID: 0309379). View Disclosures.

Press contact:
Lauren Post
press@kraken.com

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