Kraken is launching a regulated crypto perpetuals product for eligible U.S. users on Kraken Pro starting May 29. The product will be offered through Bitnomial, the Chicago derivatives firm Kraken parent Payward acquired earlier this month, giving the group a U.S. exchange, clearinghouse and futures commission merchant under CFTC supervision.
Perpetuals are futures that track an asset’s price without a fixed expiration date. That matters because most crypto perpetual trading has historically happened on offshore venues, while this launch brings that structure into a CFTC-supervised U.S. market.
Kraken’s initial lineup includes Bitcoin and other crypto perpetuals for eligible U.S. clients. Coinbase already offers a similar U.S. product, but its perpetual-style contracts still carry a long-dated expiry: the current contracts expire on December 20, 2030.