Kraken Launches U.S. Perpetual Futures on Kraken Pro, Citing $60 Trillion Volume
COIN•Kraken launched U.S. perpetual futures on Kraken Pro offering BTC, ETH, SOL and DOGE contracts without expiration. The exchange cites $60 trillion annual global perp volume and enters U.S. market after CFTC cleared regulated platforms, raising competitive pressure on Coinbase’s derivatives offerings.
1. Launch Details
Kraken has begun offering perpetual futures contracts to its U.S. customers via Kraken Pro, enabling traders to hold long or short positions indefinitely as long as margin requirements are met.
2. Product Coverage
The new contracts cover major cryptocurrencies including Bitcoin, Ethereum, Solana and Dogecoin, and are accessible alongside spot and margin trading within a single interface.
3. Market Scale
Perpetual futures have become the dominant form of crypto derivatives trading worldwide, with the exchange estimating annual volume at $60 trillion, much of which previously flowed through offshore platforms.
4. Competitive and Regulatory Context
The U.S. debut follows CFTC guidance allowing regulated exchanges to offer perpetual futures, positioning Kraken as a direct competitor to Coinbase’s planned derivatives offerings.
