Payward files to offer single-stock perpetual futures on Kraken for US traders

Payward, the parent company behind Kraken, has filed to launch single-stock perpetual futures for eligible US traders. The product would launch with 10 equities and offer 24/5 trading hours, essentially bringing the always-on mechanics of crypto derivatives markets to traditional stocks. Perpetual futures, but for stocks Perpetual futures are a staple of crypto trading. Unlike traditional futures contracts that expire on a set date, perpetuals let traders hold leveraged positions indefinitely, with periodic funding payments keeping prices anchored to spot markets. The 24/5 trading window is notable too. Traditional US stock markets operate roughly six and a half hours a day, five days a week. Offering equity-linked perpetuals nearly around the clock gives traders the ability to react to overnight news, earnings releases, and global events in real time rather than waiting for the opening bell. The specific stocks that would be available at launch haven’t been disclosed publicly. Neither have the leverage limits or the exact timeline for going live. Those details are presumably part of the regulatory review process with the CFTC. Building on the Bitnomial acquisition In May 2026, Kra...