Kraken Opens U. S. Perpetual Futures for Crypto Traders

Kraken has introduced regulated perpetual futures to U.S. traders, bringing a popular crypto trading instrument from overseas exchanges onto domestic soil. The new contracts are available through Kraken Pro and appear on Bitnomial, a futures exchange the company’s parent acquired earlier this year. Users can trade these products in the same window as spot assets, margin trades, and even futures listed on the CME.

What Are Perpetual Futures?

• No ownership of the underlying coin: Traders can bet on price swings without holding the asset.
• No expiry date: Positions can remain open indefinitely as long as margin is maintained.
• Global standard: Perpetual futures have become the main way people trade crypto derivatives worldwide, with global volume topping $60 trillion in 2025.

Market Context

• Most activity has historically occurred on foreign platforms such as Hyperliquid, where professional traders chase deep liquidity and continuous leverage.
• The newer prediction‑market site Kalshi pulled in over $1 billion of volume on its first week after launching perps.

Current Offerings & Future Plans

• Initial tokens: Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, Dogecoin, Litecoin, and Avalanche.
• Expansion: Plans to add more tokens and collateral options as the market grows.