CFTC Approves Kalshi’s Bitcoin Perpetual Futures, Expanding Into Derivatives
Summary
- The US CFTC approved the listing and trading of BTCPERP, Kalshi’s Bitcoin perpetual futures contract.
- Chief Executive Officer Tarek Mansour said regulated perpetual futures would improve capital allocation and risk management for American companies.
- The CFTC also sent Coinbase a no-action letter for the listing of a Bitcoin perpetual futures contract.
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The Commodity Futures Trading Commission has approved the listing of a Bitcoin perpetual futures contract on US prediction-market platform Kalshi.
CoinDesk reported on May 29 that the CFTC approved Kalshi to list and trade its Bitcoin perpetual futures contract, BTCPERP. The approval was conditioned on the product’s compliance with the Commodity Exchange Act and other relevant regulations.
Chief Executive Officer Tarek Mansour said the decision shows Kalshi is evolving from a prediction-market leader into a next-generation derivatives exchange. Regulated perpetual futures in the US would improve capital allocation and risk management for American companies, he added.
It is the first time the CFTC has approved crypto perpetual futures trading on a US exchange. The agency also sent Coinbase a no-action letter on May 29 allowing it to list a Bitcoin perpetual futures contract. A no-action letter is an informal form of regulatory guidance issued by the CFTC.
