Kalshi Crypto Perpetual Futures Volume Tops $1 Billion a Week After Launch
Summary
- Kalshi said cumulative trading volume in its crypto perpetual futures product topped $1 billion within a week of launch.
- Kalshi said investor demand surged after approval from U.S. regulators, with more than 1 million people joining the product's waitlist.
- Market participants said a shift in the CFTC's regulatory stance is fueling broader competition in the U.S. perpetual futures market alongside Coinbase and Kraken.
Forecast Trend Report by Period
Crypto perpetual futures trading volume on U.S. prediction-market platform Kalshi surpassed $1 billion a week after launch, underscoring intensifying competition in the U.S. perpetual futures market.
Walter Bloomberg reported on June 9 that Kalshi's cumulative trading volume in the product had exceeded $1 billion within one week of its debut.
Volume totaled $100 million in the first 24 hours after launch.
Perpetual futures are derivatives that allow investors to bet on asset-price moves without an expiration date. The global market is estimated at about $90 trillion.
Kalshi said investor demand surged after U.S. regulators approved the product's launch. More than 1 million people have joined the waitlist, the company added.
The exchange described the perpetual futures offering as the fastest-growing product in its history.
Competition is expected to intensify as major exchanges including Coinbase and Kraken also push to expand in the perpetual futures market amid a shift in the Commodity Futures Trading Commission's regulatory stance.
