Bitcoin News

Story: Kalshi Bets on Bitcoin to Anchor Its 4-Asset U.S. Perpetual Futures Push

By Julie Binoche

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Altcoins Face a Steeper Climb. Ethereum, Solana, and XRP are a different story. Each has a solid spot-market profile, sure, but…

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The Offshore Competition Problem. Here's the uncomfortable truth for any U.S.-regulated crypto venue: offshore exchanges basically…

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What Traders Are Actually Watching. Spreads. Depth. Fees. Leverage. In that order, probably.

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The CFTC gave KalshiEX the green light. Now the hard part starts.

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The Commodity Futures Trading Commission approved KalshiEX's Bitcoin perpetual futures contract — ticker BTCPERP — making it one of the first U.S.

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Bitcoin's the obvious anchor here. It's got the deepest spot-market infrastructure of any crypto asset, the most established institutional benchmarks, and the kind of arbitrage…

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Ethereum, Solana, and XRP are a different story. Each has a solid spot-market profile, sure, but translating that into sustainable perpetual futures liquidity is harder than it…

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HYPE, tied to the Hyperliquid ecosystem, gets a mention in Kalshi's materials too. It's an intriguing inclusion.

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Minimum order sizes and leverage caps aren't just technical details. They shape who actually shows up to trade. Set the minimums too high and you lose retail.

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More context: Kalshi Eyes $40 Billion Valuation as CFTC Takes Kentucky to Court Over Prediction Markets

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Here's the uncomfortable truth for any U.S.-regulated crypto venue: offshore exchanges basically won the perpetual futures market years ago.

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Execution quality is probably the real battleground. Traders tolerate a lot of friction if the fills are good and the funding rates stay predictable.

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The CF Benchmarks reliance is smart risk management on Kalshi's part. It ties funding and liquidation mechanics to a reference that institutional players already use, which…

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Spreads. Depth. Fees. Leverage. In that order, probably. Bitcoin perps on Kalshi will get a real look from traders who want regulated exposure without the counterparty risk of an…

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See also: Bitcoin Drops to $58,570, Lowest Level Since September 2024

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