Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks
Kraken said late Friday that it expects to launch CFTC-regulated perpetual futures contracts in the US in the next 30 days, hours after the US Commodity Futures Trading Commission approved the instruments. The exchange said when it gains approval, the contracts will be listed on Bitnomial Exchange, a CFTC-regulated exchange recently acquired by Krakens parent company, Payward. However, while Kraken‘s announcement said that a filing had been submitted on Friday, no filing for a specific Bitcoin ($BTC) perpetual contact was found among Bitnomial’s recent CFTC filings as of Sunday morning. “Todays announcement sets in motion plans to bring that activity onshore through a CFTC-regulated venue,” the announcement said. “US clients will soon be able to trade perpetual futures on @KrakenPro,” read a company social media post on Saturday. Source: Kraken on X.com Requests for further information on the filing sent to two Kraken executives and Bitnomials chief regulatory officer were not immediately answered. To be sure, companies frequently file requests for confidential treatment of their applications. KalshiEX, which on Friday gained CFTC approval of trading of a $BTC perpetual futures contract, had originally requested confidential treatment of that application in an undated letter to the CFTC. Payward said on April 17 that it was acquiring crypto derivatives