Kraken announced plans to launch CFTC-regulated perpetual futures contracts in the US within the next 30 days, following regulatory approval by the Commodity Futures Trading Commission. The contracts will be listed on Bitnomial Exchange, a CFTC-regulated venue recently acquired by Kraken's parent company, Payward, for up to $550 million.
Coinbase Financial Markets quickly followed suit, offering US institutional clients access to global crypto perpetual futures and options through Deribit, the largest crypto options exchange by open interest, which Coinbase acquired in 2025.
The SEC and CFTC have signaled support for bringing perpetual futures onshore, with CFTC Chair Michael Selig stating that the question was never whether these contracts would exist, but whether they would exist under American oversight and rule of law.
CFTC staff also issued guidance on 24/7 trading, clearing, and settlement, noting that crypto derivatives may be particularly suited for round-the-clock markets.
