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Kraken to Roll Out CFTC-Regulated Bitcoin Perpetuals for U.S. Institutions

Kraken said it expects to launch a regulated, spot-linked Bitcoin perpetual futures contract for U.S. institutional clients within the next 30 days, after receiving approval from the Commodity Futures Trading Commission (CFTC). The product will be listed on Bitnomial Exchange, a CFTC-regulated venue acquired by Kraken's parent company, Payward. Payward said in April it had agreed to buy Bitnomial for up to $550 million. Coinbase has also started giving U.S. institutional clients access to crypto options and perpetual futures markets via its futures brokerage business following CFTC approval. CFTC Chair Michael Selig said the central question is whether crypto perpetuals can operate within the U.S. regulatory framework. The same day, the CFTC issued guidance on 24/7 trading, supporting round-the-clock trading of crypto derivatives.
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