Kraken Launches CFTC-Regulated Crypto Perpetual Futures in US, Leveraging Bitnomial Deal
Tom Rudovsky · Reported by Finance Magnates
Sentiment
Positive
Importance
8
Price
--
Mkt Cap
--
52W Low
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52W High
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52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
Kraken has launched CFTC-regulated crypto perpetual futures for eligible clients in the US, expanding its domestic derivatives offering. This move follows the acquisition of Bitnomial by Kraken's parent company, Payward, in April for up to $550 million, which provided the necessary regulatory licenses. Perpetual futures are a high-volume product in global crypto derivatives, and this launch allows Kraken to tap into a significant, regulated market segment in the US, potentially boosting trading volumes and revenue. The company plans to expand the range of contracts and collateral options over time.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Finance Magnates.