Kalshi adds perpetual futures for U.S. traders following thumbs-up from key regulator
Kalshi has become the first U.S. firm to receive regulatory approval for perpetual futures contracts, specifically for Bitcoin. This approval allows U.S. traders to access a popular trading instrument that has gained traction among both crypto and non-crypto traders. The move is seen as a significant step towards integrating these financial products into the U.S. regulatory framework.
- ▪Kalshi received approval from the CFTC to offer perpetual futures contracts on Bitcoin.
- ▪Perpetual futures, or 'perps', are futures contracts without a set expiry date, appealing to traders seeking flexibility.
- ▪Last year, crypto exchanges processed $86 trillion in perpetual futures volume, highlighting their popularity.
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Kalshi became the first U.S.-based firm to receive regulators’ blessing to offer a perpetual futures product, which is a novel kind of derivative that was popularized by crypto traders. While this approval only extends to futures contracts on Bitcoin, perpetual futures—known among traders as “perps”—have lately become popular among non-crypto traders who use the instrument as a vehicle to trade oil and other commodities on the weekends, or to bet on pre-IPO companies. Recommended Video The CFTC, led by Trump appointee Chairman, Mike Selig, approved the Kalshi request to offer perps. Selig has been an advocate for bringing perps onshore since being confirmed as CFTC chairman in December 2025.
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