Kalshi launches perpetual futures in America
Kalshi has launched perpetual futures in America, a type of futures contract that tracks the direction of an asset's price. Perpetuals have grown significantly in volume, from $28 trillion in 2023 to over $90 trillion in 2025, making them one of the fastest-growing asset classes. This launch marks a significant development for American institutions, which were previously unable to access perpetuals.
- ▪Perpetual futures track the direction of an asset's price without being pegged to a specific date.
- ▪Offshore perpetuals have grown from $28 trillion in annual volume in 2023 to over $90 trillion in 2025.
- ▪Kalshi's launch marks the first time American institutions can access perpetual futures.
Opening excerpt (first ~120 words) tap to expand
Instead of tracking prices pegged to a specific date, which introduces additional complexity, perpetuals are a form of futures contract that simply tracks whether or not the price of an asset goes up or down. Offshore perpetuals have grown from $28 trillion in annual volume in 2023 to over $90 trillion in 2025, making them one of the fastest-growing asset classes ever — and one that has been entirely closed off to American institutions until now.
Excerpt limited to ~120 words for fair-use compliance. The full article is at Kalshi.
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