"Kalshi's expansion into leveraged, continuous derivatives represents a significant pivot for the New York-based exchange, which has built its reputation on binary event contracts. Perpetual futures differ from traditional futures by lacking an expiration date, allowing traders to maintain positions indefinitely through a funding rate mechanism."
"CFTC Chairman Michael Selig indicated that the agency intends to permit true perpetual futures for digital assets within the United States, which supports Kalshi's entry into this competitive market."
"Kalshi's designated contract market status provides a regulated foundation that could help repatriate trading volume currently flowing to non-U.S. venues, positioning it against established crypto-native giants."
Kalshi plans to introduce crypto perpetual futures for U.S. traders, marking a significant shift from its focus on binary event contracts. This move aims to capture a share of the derivatives market, especially as Kalshi's valuation reached $22 billion in 2026. Perpetual futures allow traders to hold positions indefinitely, differing from traditional futures. The launch aligns with CFTC Chairman Michael Selig's goal to repatriate offshore trading volume. Kalshi's designated contract market status may facilitate this transition into the competitive crypto derivatives space.
Read at news.bitcoin.com
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