Crypto platform operator Kraken has announced that it has launched CFTC-regulated perpetual futures in the US, giving eligible clients domestic access on Kraken Pro alongside spot, margin, and CME-listed futures.

The move follow’s Friday’s announcement by US derivatives market regulator CFTC, that it has issued no-action relief to designated contract markets seeking to convert their existing perpetual style digital commodity futures contracts into true digital commodity perpetual futures.

Perpetual futures track an asset’s price with no expiry or settlement date, letting traders hold leveraged long or short crypto exposure indefinitely; the market topped $60 trillion in volume in 2025.

Contracts are listed on Bitnomial, a CFTC-regulated exchange owned by Kraken’s parent Payward, and cover major assets including BTC, ETH, SOL and XRP.

Krakne said that eligible US clients can now 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 futures track the price of an asset like Bitcoin without an expiry or settlement date, so unlike standard futures, a position can stay open indefinitely. That structure lets traders maintain leveraged long or short exposure to an asset they don’t have to own or keep rolling forward.

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 launch brings that activity onshore through a CFTC-regulated venue.

The contracts are listed on Bitnomial, a CFTC-regulated exchange recently acquired by Kraken’s parent company, Payward. They trade with an 8-hour funding rate, matching the conventional structure for crypto perpetuals: Every 8 hours (7:00 p.m., 3:00 a.m., and 11:00 a.m. CT), a funding payment is exchanged between long and short position holders. If the perpetual price is above spot, longs pay shorts (and vice versa). This helps keep the contract price anchored to the price of the underlying asset.

They exist 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.

At launch, eligible clients can 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.

Darius Tabatabai, Head of Kraken Pro said,

“US traders have been waiting for a regulated, domestic way to trade the product that defines global crypto derivatives markets. 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.

“Bitnomial’s regulated infrastructure is what made this launch possible in short order. Their work on the regulatory and market structure side, combined with Kraken’s distribution and technology, is what brings this to US traders at scale.”

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

Perpetuals are offered on Kraken Pro through NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US, a CFTC-registered Futures Commission Merchant.