On Monday, Kraken announced the launch of perpetual futures with no expiry for eligible clients in the United States, allowing traders to access perpetuals alongside spot, margin and futures within a single Kraken Pro account.
According to the firm, perpetual contracts have come to dominate global cryptocurrency trading, with more than $60 trillion in volume recorded in 2025.
Unlike traditional futures, they trade continuously and never expire, removing the need to roll positions and offering uninterrupted market exposure.
The US market had previously been excluded from this segment, but the launch brings perpetuals onshore via a venue licensed by the Commodity Futures Trading Commission (CFTC).
Kraken said the offering is made possible through Bitnomial, the fully CFTC-licensed derivatives business acquired earlier this year by Kraken’s parent company, Payward.
Bitnomial holds the full suite of US derivatives licences, covering exchange, clearinghouse and brokerage functions, enabling eligible clients to trade perpetual futures within the CFTC’s regulatory perimeter.
With perpetuals now sitting alongside spot, margin and futures on Kraken Pro, traders can manage an entire futures book and hedge across positions using a single pool of collateral, rather than moving funds between multiple venues.
“Spot, margin, futures and now perpetuals all live in the same account at Kraken, with perpetuals and futures backed by the same collateral so capital isn’t stranded across half a dozen venues,” said Arjun Sethi, Co-Chief Executive of Payward and Kraken.
John Palmer, Global Head of Derivatives at Kraken, said the change means clients now deal with one account and one counterparty. Eligibility and product availability vary by jurisdiction.
