Crypto futures are coming to the US

US clients can soon trade crypto futures
through Kraken Derivatives US

Availability

Discover the powerful, flexible, and capital-efficient world of futures trading.

Your Edge. Amplified.

Trading opportunities - Access deep liquidity for increased leverage, new trading opportunities, capital efficient hedging, and risk management.⁴

Capital efficient - Trade CME crypto futures with leverage using intraday and initial margin.

Quick funding - Easily transfer collateral to your Kraken Derivatives US account with near-instant settlement after funding your Kraken spot account.

Choose your direction - Use your collateral to open long or short positions depending on how you think the market will go.

Cash settlement - Get exposure without having to trade or own the underlying assets.

Low costs - Trade your way using Kraken’s 0.5 bps notional pricing model - on all trades, for all traders.³

Tax efficient trading - Futures trading may benefit from the 60/40 tax rules with 60% of of gains taxed at long term capital gains rates.²

Free Market Data¹

Kraken Derivatives US is launching with free market data for a limited time.

Unlock the full potential of crypto futures

Capitalize on Bitcoin's trends, capture altcoin volatility, speculate on emerging sectors or hedge your portfolio – all from a single platform.

Bitcoin

BTC

UNDERLYING

Bitcoin

MULTIPLIER

MIN TICK SIZE

5.00 = $25

SETTLEMENT

Cash

Micro Bitcoin

MBT

UNDERLYING

Bitcoin

MULTIPLIER

0.1

MIN TICK SIZE

5.00 = $0.50

SETTLEMENT

Cash

Ethereum

ETH

UNDERLYING

Ethereum

MULTIPLIER

MIN TICK SIZE

0.50 = $25.00

SETTLEMENT

Cash

Micro Ethereum

MET

UNDERLYING

Ethereum

MULTIPLIER

0.1

MIN TICK SIZE

0.50 = $0.05

SETTLEMENT

Cash

Always an opportunity

Capitalize on Bitcoin's trends, capture altcoin volatility, speculate on emerging sectors or hedge your portfolio – all from a single platform.

Start trading

Futures FAQs

Who can trade U.S. futures?

Kraken Derivatives US is available to verified US residents on Kraken Pro. Futures trading is offered by Ninjatrader Clearing LLC dba Kraken Derivatives US, a Futures Commission Merchant registered with the CFTC.

How do I fund my account?

Transfer from your Kraken spot wallet to your Kraken Derivatives US account leveraging Kraken’s banking rails for near-instant funding.

How is this different from Kraken Pro Futures?

Kraken Derivatives US allows futures trading of CME contracts for US clients. Kraken Pro Futures is available only to non-US users.

How much leverage is available?

Leverage varies by contract and is determined by initial and intraday margin. Intraday margin offers capital efficiency during trading hours; initial (overnight) margin follows exchange-set levels.

Brokerage services are provided by NinjaTrader Clearing, LLC doing business as Kraken Derivatives US, a Futures Commission Merchant registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA ID #0309379). Trading in futures, options on futures, and foreign currency involves substantial risk and is not suitable for all investors. You may lose more than your initial investment. Only risk capital—money that can be lost without affecting financial stability or lifestyle—should be used for trading. Past performance is not indicative of future results. Trading virtual currencies and Bitcoin futures involves additional risks. Before trading, review the CFTC and NFA advisories to understand these risks.

¹Verified non-professional users qualify through September 2025.
²Subject to trading behavior and IRS rules.
³Normal clearing fee, exchange fee, and NFA fee apply on top of commission
⁴Trading with increased leverage also means additional risk.

View full disclosures at: Kraken Derivatives US Disclosures.