Kraken ‘plans’ regulated perp contracts as rivals are quick off the blocks
60-second summary
Kraken is planning to offer regulated perpetual contracts tied to the spot price of Bitcoin to US institutional clients within the next month, following CFTC approval. This move comes as Kraken's rivals, such as Binance and FTX, have already launched similar products. The CFTC's nod to Kraken's plans is expected to boost institutional adoption of crypto derivatives.
In the wake of CFTC approval of perpetual futures contracts tied to the spot price of Bitcoin, Kraken expects to offer those to US institutional clients within "the next month."