John Palmer, head of derivatives at Kraken, said he expects sophisticated traders to lead adoption of newly approved U.S. perpetual futures, with broader institutional participation likely to follow over time.

John Palmer, head of derivatives at Kraken, said he expects sophisticated traders to lead adoption of newly approved U.S. perpetual futures, with broader institutional…

Kraken completed its acquisition of the fully CFTC-licensed exchange, clearinghouse, and brokerage Bitnomial in May.