US Bitcoin Perpetual Futures Approved & Coinbase Pre-IPO Perps & Super App Push
Key Questions
What new perpetual futures products has Kraken launched?
Kraken launched CFTC-regulated perpetual futures for US traders through its acquisition of Bitnomial, expanding access for institutional and professional users.
What is Coinbase offering with pre-IPO perpetuals?
Coinbase launched pre-IPO perpetual futures starting with SpaceX as the first asset and is positioning itself as an 'everything exchange' with tokenized stocks and AI agents.
How has Kalshi performed with its perpetual futures?
Kalshi reached $5.5B in perpetual futures volume within two weeks of launch and plans to expand into broader asset classes beyond crypto.
What milestone did Hyperliquid reach recently?
Hyperliquid's open interest surged to $10B, with its token HYPE hitting a new all-time high of $76.90 amid strong growth in on-chain derivatives.
How is Hyperliquid expanding its offerings?
Hyperliquid is moving into equities and commodities trading, further legitimizing on-chain perpetual futures for traditional assets.
What regulatory clarity supports US perpetual futures growth?
The CFTC has clarified rules for perpetual futures and allowed exchanges to convert existing contracts, enabling compliant onshore products.
How does Coinbase's strategy align with market trends?
Coinbase is pushing tokenized stocks backed 1:1 by real equities and integrating perps to become a comprehensive financial super app.
What does the rise in perpetual futures volume indicate?
Explosive growth at platforms like Hyperliquid and Kalshi shows strong demand for on-chain and regulated derivatives across crypto and traditional assets.
Kraken launches CFTC-regulated perpetual futures for US traders via Bitnomial acquisition. Coinbase launches pre-IPO perpetual futures with SpaceX as first asset, and pushes to become 'everything exchange' with tokenized stocks, perps, and AI agents. CFTC clarified perpetual futures regulation and cleared exchanges to convert contracts. Kalshi hit $5.5B in perpetual futures volume in two weeks, plans broader asset-class expansion. Hyperliquid OI surged to $10B, HYPE hit new ATH at $76.90, showing massive growth in on-chain derivatives. Hyperliquid is expanding into equities and commodities, further legitimizing onchain perps.