Kalshi’s Perpetual Futures Surge to $5.5 Billion in Two Weeks
- Kalshi’s perpetual futures reached over $5.5 billion in trading volume within two weeks of launch.
- The Commodity Futures Trading Commission (CFTC) approved Kalshi’s Bitcoin-linked perpetual contract, BTCPERP, on May 29, opening U.S. markets to regulated venues.
- Kalshi lists a total of eleven crypto perpetual contracts with plans to expand into other asset classes.
- Initial trading volume was driven by events like the FIFA World Cup and NBA Finals.
- Kalshi is competing with platforms like Polymarket and is involved in legal actions regarding prediction markets.
Kalshi’s rapid growth in perpetual futures trading highlights strong demand for regulated leverage products in the U.S., marking a significant step as the first CFTC-approved crypto derivative available domestically.
With a $5 .5 billion head start, Kalshi is poised to expand beyond crypto, potentially reshaping the market landscape amid ongoing regulatory discussions . (Source)
