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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto Markets See $60.08M in Liquidations in One Hour, BTC Accounts for $27.46M
Gate News message, April 22 — Over the past hour, cryptocurrency markets recorded $60.08 million in liquidations, according to Coinglass data. Bitcoin accounted for $27.46 million of the total, while Ethereum recorded $26.31 million in liquidations.
Short positions dominated the liquidation
GateNews25m ago
Hyperliquid Launches CHIP Perpetual Contracts with Up to 3x Leverage
Gate News message, April 22 — Hyperliquid announced the launch of USDAI (CHIP) perpetual contract trading, offering up to 3x leverage.
GateNews25m ago
Whale Address Posts $9M Unrealized Loss on BTC Short After Month-Long Decline, Becomes Largest Short on Hyperliquid
A whale address opened a BTC short in early April; it now holds $77.14M in BTC shorts and $47.15M in ETH shorts, the largest short on Hyperliquid, with unrealized BTC losses around $9M and total losses over $13M, positions still open.
GateNews58m ago
Gate Daily Report (April 22): A U.S. PACE bill is set to allow the Federal Reserve to pay for access; Kalshi plans to launch sustainability futures
Bitcoin (BTC) sees a short-term rebound, temporarily trading at around $76,230 as of April 22. A bipartisan PACE bill in the U.S. would seek to allow the Federal Reserve’s payment system to be connected, with support from the crypto industry. According to The Information, Kalshi is considering launching sustainable futures to expand its cryptocurrency business.
MarketWhisper1h ago
Blockchain.com Adds Perpetual Futures Trading to Self-Custodial Wallet, Supporting 190+ Crypto Markets
Gate News message, April 22 — Blockchain.com has launched perpetual futures trading functionality in its self-custodial DeFi wallet, enabling users to open leveraged positions using self-hosted Bitcoin as collateral without transferring funds to an exchange. The feature routes through Hyperliquid, a
GateNews2h ago
Polymarket launches sustainable contracts: 10x leverage trading for BTC, NVDA, and gold
Polymarket announced on April 21 that it will launch sustainable contracts. The first batch of underlying assets will be Bitcoin, NVDA, and gold, with up to 10x leverage and 24/7 trading. It is now open to an early-user whitelist. After completing the CFTC DCM registration, it is able to offer long-position futures and perpetual contracts in the United States, with no expiration date. Around the same time, Kalshi announced a competing product, and market rumors suggest that the new round’s financing valuation is too high. Details such as fees, margin, and liquidation are pending publication ahead of the official launch.
ChainNewsAbmedia2h ago
