Kraken to Offer Regulated Perpetual Futures as Rivals Move Fast

Kraken signaled a rapid move to bring Bitcoin perpetual futures trading onshore in the United States, saying on Friday it expects to launch CFTC-regulated perpetual contracts within about 30 days after the regulator approved the instruments.

Kraken to Offer Regulated Perpetual Futures as Rivals Move Fast. Kraken signaled a rapid move to bring Bitcoin perpetual futures trading onshore in the United States, saying on Friday it expects to launch CFTC-regulated perpetual contracts within about 30 days after the regulator approved the instruments. The exchange tied the plan to Bitnomial Exchange, a CFTC-regulated venue that Kraken’s parent company, Payward, recently acquired, with the goal of offering Kraken Pro clients access to Bitnomial’s perpetual futures product. Payward announced in mid-April that it was acquiring crypto derivatives platform Bitnomial for as much as $550 million, a deal aimed at expanding Kraken Pro’s access to regulated futures and derivatives trading. While Kraken’s Friday update framed the move as imminent, a Sunday review of Bitnomial’s public filings wi...