Kraken brings perpetual futures onshore and the offshore exchanges should be paying attention

Kraken launched CFTC-regulated perpetual futures for U.S. traders on June 15, 2026, using the Bitnomial and NinjaTrader acquisitions to build a compliant onshore derivatives stack. The move opens crypto's most-traded product to institutional capital that has been locked out of offshore venues, as the CFTC signals a deliberate shift toward bringing perpetuals inside domestic regulatory rails.