Kraken Sets Sights on US-Bound BTC Perp Futures

Kraken, a well-known cryptocurrency exchange, is planning to launch BTC perpetual futures in the US within 30 days. This move comes after the Commodity Futures Trading Commission (CFTC) approved perpetual contracts for domestic trading on May 30.

The perpetual futures will be listed on Bitnomial Exchange, a CFTC-regulated venue owned by Kraken's parent company, Payward. In April, Payward acquired Bitnomial for up to $550 million with the aim of giving Kraken Pro customers access to Bitnomial's product once regulatory conditions permitted.

Kraken's announcement set in motion plans to bring perpetual futures onshore through a CFTC-regulated venue. However, the company has not yet submitted any specific BTC perpetual contract filing to the CFTC as of May 31.