REUTERS

Crypto exchanges gear up to launch US perpetual futures ahead of rule change

April 22, 2026 • By Hannah Lang

Global crypto exchanges are racing to capitalize on the U.S. Commodity Futures Trading Commission's expected move to allow trading in perpetual crypto futures, a popular but risky derivatives product that has so far largely remained offshore.

Kraken's parent company said on Friday it was acquiring crypto derivatives platform Bitnomial for up to $550 million, giving it access to Bitnomial's perpetual futures offering. Coinbase, meanwhile, has rolled out long-dated futures contracts designed to resemble perpetuals, ‌while Robinhood has said it is exploring offering the products in the United States

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About Bitnomial, Inc.

Bitnomial, Inc., headquartered in Chicago, is a derivatives exchange company that owns and operates U.S. CFTC-regulated exchange (DCM), clearinghouse (DCO), and clearing brokerage (FCM) subsidiaries. Bitnomial offers leveraged spot, perpetuals, futures, options, and prediction markets on a single unified exchange and clearinghouse with digital asset margin and settlement capabilities.

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Leveraged spot, perpetuals, futures, options, and prediction markets, all on one CFTC-regulated exchange with crypto margin and settlement.

Signing up with Bitnomial, Inc. requires additional verification with an FCM to trade futures. Futures accounts are offered by Bitnomial Clearing, LLC, a CFTC-registered FCM and NFA member. Trading in futures involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience, financial position, and investment objectives. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount. See Bitnomial entity affiliation and registration disclosures and FCM financial and risk disclosures.