Kraken to launch CFTC-compliant perpetual futures in US within 30 days

Kraken plans to launch a perpetual futures service in the U.S. compliant with Commodity Futures Trading Commission (CFTC) regulations within the next 30 days, Cointelegraph reported. The service will operate through the Bitnomial exchange, following an acquisition of the platform by Kraken's parent company, Payward, for up to $550 million announced in April. Meanwhile, Coinbase has also moved to capture the market, announcing access to global crypto options and perpetual futures for U.S. institutional investors immediately after receiving its own CFTC approval.