NewsBTC
Sep 7, 2026
7 0
Bullish

Kraken parent Payward files to launch CFTC-regulated US perpetual futures via Bitnomial

2 min

Kraken parent Payward filed to offer CFTC-regulated perpetual futures to eligible U.S. traders via Bitnomial, a CFTC-registered Designated Contract Market acquired by the company. The proposed contracts cover BTC, ETH, SOL, XRP, and ADA. Trading is not live. Launch depends on a 30-day regulatory self-certification review.

TL;DR

  • Payward filed for CFTC-regulated U.S. crypto perpetual futures.
  • Listing venue: Bitnomial, a CFTC Designated Contract Market.
  • Assets: BTC, ETH, SOL, XRP, ADA.
  • Status: pending a 30-day self-certification review; not live.

Why Perpetual Futures Matter

Perpetual futures have no fixed expiry. Traders use them for leverage, hedging, market-making, directional exposure, and basis strategies. Perpetuals dominate global crypto derivatives volumes.

U.S. access has been constrained. A CFTC-regulated product offers eligible U.S. traders a compliant route to a core instrument that is widely used offshore.

Bitnomial Is The Regulatory Route

Bitnomial’s status as a CFTC Designated Contract Market provides a regulated framework for listing and trading. Routing perps through a DCM sets rules on access, contract listing standards, market surveillance, and trader disclosures.

Assets Covered

BTC and ETH are the most institutionally adopted. Inclusion of SOL, XRP, and ADA expands regulated derivatives access beyond the two largest assets. This could influence altcoin market structure by introducing regulated U.S. competition to offshore venues and by giving institutions a familiar venue for hedging.

Regulatory Review

A filing is not a launch. The products are subject to a 30-day CFTC self-certification review. Timing and final availability depend on the review outcome and any issues raised. Until completion, treat these as proposed regulated products.

Market Implications

The filing signals continued development of U.S. crypto derivatives. If approved and broadly accessible to eligible participants, CFTC-regulated perps could increase competitiveness of the U.S. market and align domestic access with global trading practices.

Source: Kraken announcement