{ "version": 1, "event_id": "evt_770fa006214bbffc", "url": "https://xiyu.news/events/evt_770fa006214bbffc/", "json": "https://xiyu.news/api/events/evt_770fa006214bbffc.json", "type": "regulatory_action", "status": "monitoring", "category": "crypto", "title": { "zh": "Kraken 母公司 Payward 筹备在美国推出链上永续合约", "en": "Kraken Parent Payward to Launch US Onchain Perpetuals - Bitcoin News" }, "current_state": { "zh": "加密货币交易所 Kraken 的母公司 Payward 正准备通过其受美国商品期货交易委员会（CFTC）监管的 Bitnomial Exchange，向美国交易者提供链上永续合约，目前仍待监管批准。该产品将首次在此规模上把完全链上化的永续合约纳入美国受监管衍生品框架。\n\n美国交易者长期以来在永续合约方面基本只能依赖离岸平台，因此一款受 CFTC 监管的链上永续产品可能将部分需求吸引回美国境内，并加剧与 Coinbase Derivatives 的永续式期货以及 CME 加密合约等现有美国上市衍生品的竞争。这也表明受监管、机构级的链上衍生品基础设施正从实验阶段走向可行。\n\n链上永续合约是无到期日的现金结算合约，其下单、撮合、结算、抵押品托管与强平全部在区块链上完成，因此其托管方式与透明度特征与中心化离岸平台不同。该产品被描述为“待批准”状态，因此具体上线时间、合约规格、可用抵押资产以及杠杆上限尚未最终确定。", "en": "Payward, the parent company of Kraken, is preparing to launch onchain perpetual futures in the United States, expanding regulated derivatives access for US traders." }, "first_seen_at": "2026-09-17T22:58:14.545179+00:00", "last_updated_at": "2026-09-17T22:58:14.545179+00:00", "last_material_change_at": "2026-09-17T22:58:14.545179+00:00", "confidence": 0.75, "updates_count": 1, "sources_count": 1, "entities": [ "kraken", "launch", "news", "onchain", "parent", "payward", "perpetuals" ], "identifiers": [], "topics": [ "derivatives", "kraken", "onchain-trading", "perpetuals", "us-regulation" ], "updates": [ { "update_id": "upd_ae39aa6d461703b9", "event_id": "evt_770fa006214bbffc", "occurred_at": "2026-09-17T12:30:00Z", "published_at": "2026-09-17T12:30:00Z", "first_seen_at": "2026-09-17T22:58:14.545179Z", "time_precision": "published", "update_type": "initial", "material_change": true, "title_zh": "Kraken 母公司 Payward 筹备在美国推出链上永续合约", "title_en": "Kraken Parent Payward to Launch US Onchain Perpetuals - Bitcoin News", "what_changed_zh": "加密货币交易所 Kraken 的母公司 Payward 正准备通过其受美国商品期货交易委员会（CFTC）监管的 Bitnomial Exchange，向美国交易者提供链上永续合约，目前仍待监管批准。该产品将首次在此规模上把完全链上化的永续合约纳入美国受监管衍生品框架。\n\n美国交易者长期以来在永续合约方面基本只能依赖离岸平台，因此一款受 CFTC 监管的链上永续产品可能将部分需求吸引回美国境内，并加剧与 Coinbase Derivatives 的永续式期货以及 CME 加密合约等现有美国上市衍生品的竞争。这也表明受监管、机构级的链上衍生品基础设施正从实验阶段走向可行。\n\n链上永续合约是无到期日的现金结算合约，其下单、撮合、结算、抵押品托管与强平全部在区块链上完成，因此其托管方式与透明度特征与中心化离岸平台不同。该产品被描述为“待批准”状态，因此具体上线时间、合约规格、可用抵押资产以及杠杆上限尚未最终确定。", "what_changed_en": "Payward, the parent company of Kraken, is preparing to launch onchain perpetual futures in the United States, expanding regulated derivatives access for US traders.", "current_state_zh": "加密货币交易所 Kraken 的母公司 Payward 正准备通过其受美国商品期货交易委员会（CFTC）监管的 Bitnomial Exchange，向美国交易者提供链上永续合约，目前仍待监管批准。该产品将首次在此规模上把完全链上化的永续合约纳入美国受监管衍生品框架。\n\n美国交易者长期以来在永续合约方面基本只能依赖离岸平台，因此一款受 CFTC 监管的链上永续产品可能将部分需求吸引回美国境内，并加剧与 Coinbase Derivatives 的永续式期货以及 CME 加密合约等现有美国上市衍生品的竞争。这也表明受监管、机构级的链上衍生品基础设施正从实验阶段走向可行。\n\n链上永续合约是无到期日的现金结算合约，其下单、撮合、结算、抵押品托管与强平全部在区块链上完成，因此其托管方式与透明度特征与中心化离岸平台不同。该产品被描述为“待批准”状态，因此具体上线时间、合约规格、可用抵押资产以及杠杆上限尚未最终确定。", "current_state_en": "Payward, the parent company of Kraken, is preparing to launch onchain perpetual futures in the United States, expanding regulated derivatives access for US traders.", "detailed_summary_zh": "Payward, the parent company of Kraken, is preparing to launch onchain perpetual futures in the United States, expanding regulated derivatives access for US traders.", "detailed_summary_en": "Payward, the parent company of Kraken, is preparing to launch onchain perpetual futures in the United States, expanding regulated derivatives access for US traders.", "background_zh": "Kraken 由 Jesse Powell 于 2011 年 7 月联合创立，其母公司 Payward 目前旗下业务涵盖交易、托管、支付、借贷、链上金融与基准指数等。永续合约是一种没有到期日的衍生品，通过定期资金费支付使价格锚定标的现货市场；这一结构最初为加密资产而设计，反向永续合约由 ICBIT 在 2011 年推出，此后自 2016 年起被 BitMEX 等交易所广泛推广。由于永续合约杠杆较高，美国监管机构历史上将大部分相关活动推向离岸交易所，使美国用户缺乏合规替代方案。Bitnomial 正是 Payward 计划用来落地该产品的 CFTC 监管交易所。", "background_en": "Kraken was co-founded in July 2011 by Jesse Powell, with Payward serving as the parent company that now houses a portfolio spanning trading, custody, payments, lending, onchain finance and benchmarks. Perpetual futures are derivatives that never expire and instead use periodic funding payments to keep their price anchored to the underlying spot market; the structure was first developed for crypto, with the inverse perpetual introduced by ICBIT in 2011 and the format widely popularized by BitMEX from 2016 onward. Because perpetuals are heavily leveraged, US regulators historically pushed the bulk of this activity to offshore exchanges, leaving US users with limited compliant alternatives. Bitnomial is the CFTC-regulated exchange through which Payward intends to deliver this product.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "传导渠道主要体现在市场结构与流动性层面：一个合规的美国链上永续合约场所可能将部分杠杆交易量与抵押品从离岸交易所转移至受监管的链上通道，进而可能提升作为保证金使用的稳定币及相关结算链的需求。这同时也会对现有美国上市的加密衍生品场所构成竞争压力，不过由于仍在等待批准，成交量层面的影响尚未真正显现。", "market_impact_en": "The transmission channel runs mainly through market structure and liquidity: a compliant US onchain perps venue could shift some leveraged trading volume and collateral from offshore exchanges toward regulated onchain rails, which may in turn raise demand for the stablecoins and settlement chains used as margin. It also puts competitive pressure on existing US-listed crypto derivatives venues, though the pending approval means no volume impact has materialized yet.", "importance_score": 7.5, "references": [ { "url": "https://en.cryptonomist.ch/2026/09/16/onchain-perpetual-futures-payward/", "title": "Onchain Perpetual Futures: Payward's U.S. Regulated Offer" }, { "url": "https://trustwallet.com/glossary/onchain-perpetuals", "title": "On-Chain Perpetuals | Trust Wallet" }, { "url": "https://en.wikipedia.org/wiki/Perpetual_futures", "title": "Perpetual futures - Wikipedia" } ], "confidence": 0.75, "story_ids": [ "google_news:article:f60ae1a43d4204ff" ], "sources": [ { "url": "https://news.google.com/rss/articles/CBMilgFBVV95cUxPbDFFMDBIMF85bmFxeE1BVndqRTE3bTZSMGh0UTBWTHJwVU90d2REZmNqbFlsYngzeG9IWG50b1M1UVRiMVZ0ZGFhTDd5WFBRNXRDNFZzaENwTUdLZzN1N1ZKNlFzWks1TF95bHMxNWhjZnlIdF9xUFNBaF9nb09FVHNXYXk4MFNmVkF4UzZ1aWQtbk5pTGc?oc=5", "label": "Bitcoin News", "source_type": "google_news", "official": false } ] } ] }