The move follows a $60 trillion global trading volume in 2025 and aims to shift crypto derivatives trading to regulated US venues.
Kraken has introduced Commodity Futures Trading Commission-regulated perpetual futures for US traders, leveraging its acquisition of crypto derivatives platform Bitnomial. Perpetual futures, a key derivative product with no expiration date, generated over $60 trillion in global trading volume in 2025 but have largely been traded offshore until now.
The launch follows Kraken’s expansion of US trading offerings, including CME-listed crypto futures in July 2025 and margin trading for eligible customers earlier this month. It aligns with a broader industry push to bring crypto derivatives onshore after the CFTC approved similar products for Kalshi and Coinbase in late May.
Coinbase’s Financial Markets unit also began offering US institutional clients access to global perpetual futures and options markets, which account for roughly 80% of global crypto trading volume.