Regulations
By Bruce Buterin
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Why Perpetual Futures Matter. Perpetual futures contracts let traders speculate on crypto prices without actually owning the…
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What Kalshi Hasn't Said Yet. Details are thin. Kalshi hasn't disclosed timelines for the launch.
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The Bigger Picture for U.S. Crypto Derivatives. Kalshi's ambitions fit into a broader transformation happening in American crypto markets.
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Kalshi wants in on crypto derivatives. Big time.
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The prediction market platform plans to roll out perpetual futures for digital assets, a pretty dramatic shift from its bread-and-butter business.
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Perpetual futures contracts let traders speculate on crypto prices without actually owning the underlying assets. They don't expire like traditional futures.
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Kalshi's move signals something's changed. The derivatives landscape in the U.S. is evolving, and companies see opportunities they didn't before.
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But it's not a simple pivot. Launching crypto perpetual futures means navigating a complex web of regulatory requirements.
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Details are thin. Kalshi hasn't disclosed timelines for the launch. No word on which cryptocurrencies would be included in the initial offering.
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Reached for comment, Kalshi didn't respond.
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That silence leaves plenty of questions hanging. Will the platform offer leverage, and if so, how much? What kind of margin requirements will traders face?
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Read also: Senate Crypto Bill Hearing Pushed Back as Industry Demands Action
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The lack of information also makes it hard to gauge how far along Kalshi is in the process. Is this a near-term launch waiting on final approvals, or a longer-term vision still…
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Kalshi's ambitions fit into a broader transformation happening in American crypto markets. For years, traders flocked to offshore exchanges because domestic options were limited.
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That's changing. Regulatory clarity has improved, even if it's still far from perfect. The CFTC has taken a more active role in overseeing crypto derivatives, and some platforms…
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