Gate News message, April 21 — Kalshi is set to launch crypto perpetual futures on April 27, marking a significant expansion into one of the most active segments of crypto trading. The platform, which traditionally offers event contracts on sports, politics, and real-world outcomes, is now entering the derivatives market with perpetual futures, also known as perps.
Perpetual futures are derivatives with no expiration date, allowing traders to maintain positions as long as their account has sufficient capital. These contracts also feature built-in leverage, enabling users to gain larger exposure with smaller capital, though this also increases the risk of rapid losses. According to CoinGecko data, centralized crypto exchanges recorded $86.2 trillion in annual perps volume last year, representing a 47% increase from 2024.
The U.S. Commodity Futures Trading Commission (CFTC) chair recently indicated the agency wants to bring such products under its regulatory oversight soon. Kalshi secured a margin trading license earlier this month, and on April 21, it announced a partnership with ProCap Financial (NASDAQ: BRR) to integrate real-time event contract data into ProCap Insights, marking the first time Kalshi has provided data to a financial research firm with paying subscribers.
Kalshi is also expanding beyond crypto into commodities trading. The platform launched a new commodities hub featuring contracts tied to soybeans, wheat, sugar, copper, nickel, and lithium, alongside existing markets for oil, gold, and silver. The company aims to democratize access to markets traditionally dominated by institutional investors. This week, Kalshi’s most active oil and gas contract, which tracks weekly barrel prices, generated approximately $1.3 million in trading volume.
Meanwhile, a rival prediction market platform announced it is also entering perpetual futures trading, intensifying competition in the derivatives segment as both platforms seek to capture growing crypto trading demand.
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