Kalshi’s Gold Contracts Surpass Ether in September Trading Volume
- Kalshi traded 539 million gold contracts in September, surpassing the Ether total of 317 million.
- Gold’s trading fees were estimated at $5 million, while Ether’s fees reached $2.6 million.
- Bitcoin dominated with a massive volume of 6.74 billion contracts traded in September.
- Kalshi’s non-sports markets generated $20.4 million in fees for the week ending Oct.5, with sports markets contributing $73.5 million.
- The gold market launched on July31 and quickly gained traction, overtaking Ether by September despite fewer trading hours.
In a significant shift, Kalshi’s gold contracts outpaced Ether in September, marking a notable trend in their trading dynamics. This development highlights the growing interest and profitability of gold as a trading asset on the platform.
With Bitcoin maintaining its lead, Kalshi’s diverse market offerings continue to drive substantial fee revenue across different asset classes.(Source)
