Kraken Launches U.S. Perpetual Futures as Crypto Derivatives Move Onshore

DATA & FIGURES

Kraken noted that perpetual futures generated more than $60 trillion in volume last year, with much of the activity occurring on offshore exchanges. The company's head of derivatives, John Palmer, mentioned that the adoption of perpetual futures may be similar to that of ETFs, with sophisticated traders entering the market first.

THE SCENARIO

The launch of U.S. perpetual futures by Kraken is part of a broader trend of crypto derivatives moving onshore, driven by regulatory clarity and growing demand from institutional investors.

DIRECT QUOTE

"Adoption may be similar to that of ETFs, with sophisticated traders entering first before investment advisers and asset managers follow after completing internal reviews." — John Palmer, Head of Derivatives, Kraken

BBN INSIGHT

The launch of U.S. perpetual futures by Kraken is a significant development for the crypto market, as it brings a popular trading product into the U.S. market.