The U.S. prediction market platform reports $1 billion in perpetual futures trading volume a week after launching crypto perps.
Kalshi’s cryptocurrency perpetual futures contracts reached $1 billion in trading volume one week after launch. The platform began offering the products in early June, with initial 24-hour volumes exceeding $100 million as investor demand surged.
Kalshi remains the only U.S. platform currently offering perp contracts after receiving CFTC approval on May 29. Rival Coinbase Global also secured regulatory clearance but has not yet rolled out its service. The company reported a waitlist of over one million users ahead of the launch.
Perpetual futures allow traders to speculate on cryptocurrency prices without owning the underlying assets, such as Bitcoin. Kalshi’s rapid volume growth highlights strong appetite for regulated crypto derivatives in the U.S.