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U.S. perpetual futures competition intensifies as Kraken joins Kalshi and Coinbase

Kraken will launch perpetual futures trading in the United States, The Block reported on June 15. The exchange has completed its acquisition of Bitnomial and received approval from the U.S. Commodity Futures Trading Commission to offer domestic crypto derivatives trading. Perpetual futures track price moves without expiry and use funding rates to align futures and spot prices. U.S. users have relied on offshore venues. The CFTC also recently approved products from Kalshi and Coinbase.