These perpetual contracts—which enable traders to speculate on asset prices without fixed expiration dates—will be listed on Bitnomial. Kraken’s parent company, Payward, recently acquired the CFTC-regulated exchange to facilitate this expansion. The move follows a broader push by the platform to diversify its U.S. ecosystem, including the launch of cryptocurrency futures last July and the introduction of CFTC-regulated spot margin trading earlier this month.

The regulatory path forward was solidified Friday when the CFTC issued a policy statement clarifying its stance on the asset class. The commission confirmed it will permit the listing of perpetual contracts as futures, provided they undergo a case-by-case application review. This regulatory shift prompted immediate movement in the sector, as prediction markets platform Kalshi simultaneously launched its own perpetual futures contracts, signaling a competitive race to capture domestic demand for leveraged crypto products.