[Kraken Plans to Launch U.S.-Compliant Bitcoin Perpetual Contracts Within 30 Days] BlockBeats News, June 1: Cryptocurrency exchange Kraken announced that, following the U.S. Commodity Futures Trading Commission (CFTC) approval of Bitcoin spot-linked perpetual futures contracts, the company plans to launch regulated Bitcoin perpetual contract products for U.S. institutional clients within the next 30 days. Kraken stated that once the relevant products are approved, they will be available on Bitnomial Exchange, a CFTC-regulated trading platform recently acquired by its parent company Payward. Previously, Payward announced in April its acquisition of the crypto derivatives platform Bitnomial for up to $550 million, aiming to expand its presence in the crypto derivatives market. Meanwhile, Coinbase has also quickly followed suit after receiving CFTC approval, offering U.S. institutional clients access to global crypto options and perpetual contract markets through its futures brokerage business. As the regulatory framework becomes increasingly clear, competition in the U.S. domestic crypto perpetual contract market is heating up rapidly. CFTC Chairman Michael Selig stated that the question has never been whether crypto asset perpetual contracts will exist, but whether they will operate under U.S. regulation, U.S. standards, and the U.S. rule of law framework. Additionally, CFTC staff released guidance on 24/7 trading, clearing, and settlement on the same day, providing further regulatory support for round-the-clock trading of crypto derivatives. [Original Link]