Kalshi plans to expand beyond prediction markets and enter the crypto market by adding perpetual futures on bitcoin and other crypto tokens in the United States, The Information reported Tuesday (April 21), citing unnamed sources.
Kalshi plans to expand beyond prediction markets and enter the crypto market by adding perpetual futures on bitcoin and other crypto tokens in the United States, The Information reported Tuesday (April 21), citing unnamed sources.
Crypto perpetuals, which are futures contracts that enable leveraged bets on crypto prices without an expiration date, have been largely off limits to U.S. traders but are popular on overseas exchanges, according to the report.
After initially offering crypto perpetuals, Kalshi may later add perpetuals based on other asset classes, the report said.
Reached by PYMNTS, Kalshi declined to comment on the report.
According to the report, Kalshi’s licenses from the Commodity Futures Trading…