Kraken has launched CFTC regulated perpetual futures trading for eligible US clients on Kraken Pro, bringing one of crypto’s biggest derivatives products into a domestic regulated venue.
The product gives US traders access to perpetual futures alongside spot, margin, and CME listed futures inside the same Kraken Pro interface. Kraken said the contracts are listed on Bitnomial, the CFTC regulated exchange owned by Kraken parent Payward, and are offered through Kraken Derivatives US.
At launch, the contracts cover BTC, ETH, SOL, XRP, ADA, LINK, DOGE, LTC, and AVAX. Kraken said the product uses an eight hour funding rate, matching the standard structure of crypto perpetual futures, which are designed to track an asset’s price without an expiry date.
The launch is a key step in Kraken’s US derivatives push. Payward completed its acquisition of Bitnomial in May, giving it a full CFTC licensed derivatives stack across a futures commission merchant, designated contract market, and derivatives clearing organization.
Perpetual futures have long dominated global crypto derivatives activity, but US access has historically been limited, pushing much of the market offshore. Kraken said annual perpetual futures volume topped $60 trillion in 2025, making the product one of the most important liquidity engines in crypto trading.
