Eligible US clients can access specified domestic perpetual or perpetual-style futures products. Eligibility depends on the provider, account, location, and contract. That does not authorize access to every offshore derivatives platform.
Use the live tools
This page explains the distinctions and links to primary sources. It is general information, not a determination of a reader’s legal position.
Which crypto perp venues serve US persons
The venue rows below come from the PerpFinder country access matrix. Each row gives what one exchange or perp DEX states for users in the USA, and the source for that statement.
1 of 22 checked venues states a perps service for users in the USA: Coinbase.
- State a service
- 1
- Limit access
- 2
- Exclude US
- 19
- Terms silent
- 0
Each venue row gives the status, the basis and the source, with the date PerpFinder opened the source. This page is not legal advice. It repeats what each venue and regulator publish on the checked date. Read the current terms and ask a qualified adviser before you trade.
Venues that state a perps service in the USA
1 venueCoinbaseAvailable
Coinbase Financial Markets, Inc. (CFTC FCM, NFA member). Coinbase Financial Markets, a CFTC-registered FCM, offers perpetual-style futures to US customers. These contracts have hourly funding and expire after five years.
Exchange · Identity check required · Hyperliquid vs Coinbase
Coinbase Help: US perpetual-style futures overview (checked 2026-09-25) · Coinbase Help: Get started with US Derivatives (checked 2026-09-25) · Coinbase futures and perpetuals page (CFM disclosure) (checked 2026-09-25)Venues with limits in the USA
2 venuesOKXLimited
OKX Inc. (f/k/a OKCoin USA Inc.). OKX lists certain jurisdictions within the United States and all US territories as Restricted Locations. The OKX US terms for approved states do not describe a perps service.
Exchange · Identity check required · Hyperliquid vs OKX · OKX vs MEXC
OKX Risk and Compliance Disclosure, section 3 (Restricted Locations) (checked 2026-09-25) · OKX U.S. Terms of Service (OKX Inc.) (checked 2026-09-25)KrakenLimited
NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US (CFTC FCM, NFA ID 0309379). Kraken offers perpetual futures to US residents through Kraken Derivatives US, a CFTC-registered FCM. Kraken does not serve residents of Maine and New York, and other states can have limits.
Exchange · Identity check required · Hyperliquid vs Kraken · Bybit vs Kraken
Kraken perpetual futures page (US view) (checked 2026-09-25) · Kraken licence page, with prohibited regions (checked 2026-09-25)Venues whose terms do not name the USA
0 venuesEvery venue in this matrix gives a clear answer here.
Venues that exclude the USA
19 venuesBinanceNot available
Binance names the United States on its List of Prohibited Countries.
Exchange · Identity check required
Binance List of Prohibited Countries (updated 2026-01-05) (checked 2026-09-25)BybitNot available
Bybit names the United States as an Excluded Jurisdiction.
Exchange · Identity check required
Bybit Service Restricted Countries page (checked 2026-09-23)BitgetNot available
Bitget names the United States and its territories as Prohibited Countries.
Exchange · Identity check required
Bitget Terms of Use, Prohibited Countries (checked 2026-09-23)GateNot available
Gate names the United States of America as a Restricted Location.
Exchange · Not stated
Gate User Agreement, clause 2.5 (Restricted Locations) (checked 2026-09-25)MEXCNot available
MEXC names the United States as a Prohibited Jurisdiction.
Exchange · Not stated
MEXC User Agreement, Prohibited Jurisdiction clause (checked 2026-09-25)KuCoinNot available
KuCoin names the United States, including its territories, as a Restricted Location.
Exchange · Not stated
KuCoin Terms of Use, Restricted Locations clause (checked 2026-09-25) · US DOJ press release on the KuCoin plea agreement (checked 2026-09-23)HTXNot available
HTX bars users from the United States of America from all Services.
Exchange · Identity check required
HTX Platform User Agreement, clause 1.2 (Restricted Jurisdictions) (checked 2026-09-25)BingXNot available
BingX names the United States, including all US territories, as a Restricted Jurisdiction.
Exchange · Identity check required
BingX Disclaimer, Restricted Jurisdictions clause (checked 2026-09-25)HyperliquidNot available
Hyperliquid names the United States of America as a Restricted Person location.
Perp DEX · No identity check in the interface
Hyperliquid Terms of Use, clause 1.6 (checked 2026-09-23)AsterNot available
Aster names the United States of America as a Prohibited Jurisdiction.
Perp DEX · Not stated
Aster Terms and Conditions, restricted-jurisdictions clause (checked 2026-09-23)LighterNot available
Lighter states that its services are not available to persons located in the United States of America.
Perp DEX · No identity check in the interface
Lighter Terms of Service, prohibited-jurisdictions clause (checked 2026-09-23)edgeXNot available
edgeX names the United States of America as a Blocked Persons location.
Perp DEX · Not stated
edgeX Terms of Use, Blocked Persons and Restricted Territories clauses (checked 2026-09-23)dYdXNot available
dYdX names the United States as a Restricted Person location for the Perpetuals Trading Software.
Perp DEX · Not stated
dYdX v4 Software Terms of Use, Restricted Persons clause (checked 2026-09-23)GMXNot available
The terms state that a user must not be a United States person.
Perp DEX · Not stated
GMX terms and conditions (checked 2026-09-23)Jupiter PerpsNot available
The terms state that Jupiter does not interact with wallets located in or resident in the United States.
Perp DEX · Not stated
Jupiter terms of use (checked 2026-09-23)ParadexNot available
The restricted-persons page names the United States and its territories as restricted, and bars U.S. persons.
Perp DEX · Not stated
Paradex terms of service (checked 2026-09-23) · Paradex restricted-persons page (checked 2026-09-25)ExtendedNot available
The restricted-countries page names the United States of America as a restricted territory.
Perp DEX · Not stated
Extended restricted-countries page (checked 2026-09-23)GRVTNot available
The restricted-jurisdictions article names the United States of America and its territories as banned.
Perp DEX · Not stated
GRVT restricted-jurisdictions article (checked 2026-09-23)PacificaNot available
The terms name the United States of America among the jurisdictions where the interface is not available.
Perp DEX · Not stated
Pacifica terms of use (checked 2026-09-23)Hyperliquid alternatives for US traders
3 venues open to US residentsUS residents can trade perps or perpetual-style futures on 3 venues in the PerpFinder data: Coinbase, Kalshi and Kraken. Hyperliquid, MetaMask, Phantom and trade.xyz exclude the US.
CoinbasePerpetual-style futures
- Company for US clients
- Coinbase Financial Markets, Inc. (CFTC FCM, NFA member)
- US access
- US residents
- Max leverage
- Up to 10x intraday
- Fees
- From 0.02% per contract, at least $0.15
Coinbase Help: US perpetual-style futures overview (checked 2026-09-25) · Coinbase blog: perpetual futures have arrived in the US (July 21, 2025) (checked 2026-09-25)
KalshiPerpetual futures
- Company for US clients
- CFTC-regulated exchange and clearing house
- US access
- US users who pass identity checks, by application
- Max leverage
- Up to 6x on BTC
- Fees
- Not confirmed
Kalshi help: applying for perpetuals access (checked 2026-09-25) · Kalshi help: what are perpetual futures (checked 2026-09-25)
KrakenBitnomial perpetual futures
- Company for US clients
- NinjaTrader Clearing, LLC d/b/a Kraken Derivatives US (CFTC FCM, NFA ID 0309379)
- US access
- All states except Maine and New York
- Max leverage
- Not confirmed
- Fees
- Not confirmed
Kraken perpetual futures page (US view) (checked 2026-09-25) · Kraken licence page, with prohibited regions (checked 2026-09-25)
Not confirmed means that no source in the PerpFinder data states the value for the US product.
Leverage and fees can change by contract and by account. Read the current terms before you open an account.
Hyperliquid and the apps on Hyperliquid
HyperliquidPerp DEX
Hyperliquid names the United States of America as a Restricted Person location.
Hyperliquid Terms of Use, clause 1.6 (checked 2026-09-23)
MetaMaskApp on Hyperliquid
MetaMask support states that perps are not available in the USA, the UK, Ontario (Canada), Belgium and countries on the USA sanctions list.
MetaMask support: how to trade perps (checked 2026-09-25)
PhantomApp on Hyperliquid
Phantom lists perps as available worldwide except the United States, the United Kingdom and regions under comprehensive US economic sanctions.
Phantom help: feature availability by region (checked 2026-09-25)
trade.xyzApp on Hyperliquid
The terms exclude persons in the United States, Canada, the United Kingdom and other regions that trade.xyz designates. They also exclude sanctioned territories.
trade.xyz terms of use (last updated September 6, 2026) (checked 2026-09-25)
The section Venues that exclude the USA above lists 18 more perp DEXs and exchanges.
9 more venues that exclude the USApps and exchanges outside the matrix
PolymarketPerps app
The FAQ states that order placement is not permitted from the United States, Canada, Cuba, Iran, North Korea, Syria, Crimea, Donetsk or Luhansk.
Polymarket docs: perps FAQ (checked 2026-09-25)
BitunixExchange
Bitunix names the United States on the restricted list that covers its derivatives.
Bitunix restricted regions (checked 2026-09-26)
BloFinExchange
BloFin names the United States on the restricted list that covers its derivatives.
BloFin restricted regions (checked 2026-09-26)
Crypto.comExchange
Crypto.com names the United States on the restricted list that covers its derivatives.
Crypto.com restricted regions (checked 2026-09-26)
DeribitExchange
Deribit names the United States on the restricted list that covers its derivatives.
Deribit restricted regions (checked 2026-09-26)
PhemexExchange
Phemex names the United States on the restricted list that covers its derivatives.
Phemex restricted regions (checked 2026-09-26)
WEEXExchange
WEEX names the United States on the restricted list that covers its derivatives.
WEEX restricted regions (checked 2026-09-26)
WhiteBITExchange
WhiteBIT names the United States on the restricted list that covers its derivatives.
WhiteBIT restricted regions (checked 2026-09-26)
XT.COMExchange
XT.COM names the United States on the restricted list that covers its derivatives.
XT.COM restricted regions (checked 2026-09-26)
No confirmed US perps service
RobinhoodBroker
The Robinhood US futures page lists dated futures only. PerpFinder found no brokerage perps for US customers.
Robinhood US: futures (checked 2026-09-25)
BackpackExchange
The Backpack list of restricted regions does not name the United States. No source in the PerpFinder data states a US perps service.
Backpack restricted regions (checked 2026-09-26)
ToobitExchange
The Toobit list of restricted regions does not name the United States. No source in the PerpFinder data states a US perps service.
Toobit restricted regions (checked 2026-09-26)
What the regulator publishes
CFTC: The CFTC says that its foreign board of trade (FBOT) registration applies to non-US exchanges that give persons in the US direct access. This framework includes digital asset markets. CFTC press release 9111-25: FBOT advisory (August 28, 2025) (checked 2026-09-25)
CFTC: On May 29, 2026, the CFTC let a designated contract market (DCM) list a bitcoin perpetual contract as a futures contract. Perpetual contracts on other asset classes get a case-by-case review. CFTC press release 9242-26: policy statement on perpetual contracts (May 29, 2026) (checked 2026-09-25)
CFTC: In 2023, the CFTC charged three DeFi protocol operators for offering leveraged digital asset trading without registration as a DCM, SEF or FCM. CFTC press release 8774-23: orders against three DeFi operators (September 7, 2023) (checked 2026-09-25)
Regulator warnings and actions that name a venue
3 entries- Binance (CFTC, 2023-12-18): A US federal court entered a consent order that concludes the CFTC case against Binance and orders Binance to pay $2.7 billion to the CFTC. CFTC press release 8837-23 (checked 2026-09-25)
- Kraken (CFTC, 2021-09-28): The CFTC fined Payward Ventures, Inc. (Kraken) $1.25 million for margined retail digital asset trading without registration as a futures commission merchant. CFTC press release 8433-21 (checked 2026-09-25)
- KuCoin (CFTC, 2024-03-26): The CFTC charged the KuCoin operating entities with operating an illegal digital asset derivatives exchange without CFTC registration. CFTC press release 8884-24 (checked 2026-09-25)
Other jurisdictions: United Kingdom, EU and EEA, Canada, Australia, Singapore, Norway. See the full perps by country matrix.
A venue that names the USA as a restricted location does not serve US persons under its terms. Silence in the terms is not permission.
Check the exact operator and product
Identify the exchange listing the contract, the clearing arrangement, and the intermediary serving the account. A brand can offer different products through different legal entities.
Access has three separate checks
- Jurisdiction
Check which rules apply to your residence and activity.
- Operator and product
Identify the legal operator and the specific derivatives service.
- Account and interface
Read account eligibility, identity checks, and interface restrictions.
A wallet connection or accessible website does not establish permission to trade.
The CFTC customer advisory directs customers to check registration when offered virtual-currency futures or options. Registration does not eliminate leverage or custody risk.
Do not assume that an individual has no legal obligations because enforcement has targeted platforms. Terms, sanctions, tax obligations, and applicable law require separate review.
Coinbase’s perpetual-style contract design
Coinbase’s June 2025 announcement described nano BTC and ETH perpetual-style futures for a July 21 launch. The announced contracts have five-year expirations.
The current product overview explains margin, funding, and market hours. It identifies maintenance windows, so an unqualified promise of continuous access is inappropriate.
A long-dated contract still has an expiry. That difference matters to settlement and rollover planning, even if a trader expects to close earlier.
Kraken’s domestic perpetual offering
Kraken’s June 15, 2026 announcement states that eligible US clients can access perpetual futures through Kraken Pro. It identifies Bitnomial as the listing exchange.
Kraken’s contract specifications distinguish Bitnomial-listed perpetuals from CME-listed dated contracts. Check the instrument’s specification and account eligibility before assuming the same rules apply across both.
The existence of a domestic offering does not establish eligibility for a provider’s separate international platform.
Separate product access from protocol access
An accessible website, wallet connection, or public blockchain does not establish permission to use a derivatives product. Interface terms and underlying protocol architecture answer different questions.
A trade depends on more than the interface
The no-KYC access guide links to documented examples of product and location restrictions. Identity-check requirements and geographic eligibility are separate checks.
Do not infer that direct contract interaction avoids applicable restrictions. Obtain qualified advice for questions about your own legal obligations.
Follow legislation through official records
Use the Congress.gov record for H.R. 3633 to inspect the bill text and latest actions. This page does not assert an unverified current legislative status.
A proposal, committee action, passed bill, enacted law, and effective rule are different events. A headline about one event does not establish that a particular offshore product is authorized.
Record the information behind the decision
- Identify the legal entity serving the account.
- Check the exact contract and listing exchange.
- Confirm account and location eligibility.
- Review margin, settlement, funding, and maintenance windows.
- Read withdrawal and dispute terms.
- Keep records needed for applicable reporting obligations.
The product sources above were reviewed on September 13, 2026. Product availability can change, and the page does not replace the provider’s eligibility assessment.
Can US residents trade perpetual futures?
Eligible clients can access specified domestic products.
Confirm the provider, legal entity, account, and contract rather than assuming every platform is available.
Which crypto perp venues state a service for US users?
The venue rows on this page give the status and the source for each checked exchange and perp DEX.
Read the current terms of the venue before you open an account.
Are Coinbase’s perpetual-style futures identical to contracts without expiry?
No.
Coinbase documents long-dated contracts with five-year expirations. Read the contract’s funding, settlement, and margin rules.
Does a wallet connection establish permission to use a DEX?
No.
Technical access does not determine product eligibility or legal obligations.