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- Kalshi has filed to launch perpetual futures for 12 major altcoins, including XRP, ETH, SOL, and DOGE.
- The move follows recent approval of Bitcoin perpetual futures on the platform.
- Strong derivatives activity suggests traders remain active despite recent crypto market weakness.
The race to bring regulated crypto derivatives to the United States is accelerating, and Kalshi is positioning itself at the center of the trend. The prediction market platform has filed with the U.S. Commodity Futures Trading Commission (CFTC) to launch perpetual futures contracts tied to several major altcoins, including XRP, Solana (SOL), Ethereum (ETH), Dogecoin (DOGE), Shiba Inu (SHIB), Stellar (XLM), and Hedera (HBAR).
The move comes shortly after Kalshi received approval to offer Bitcoin perpetual futures, marking a significant step in the platform’s broader expansion into digital asset markets.
Kalshi Targets 12 Major Altcoins
According to regulatory filings, Kalshi is seeking approval for perpetual futures linked to 12 cryptocurrencies. The proposed lineup includes ETH, XRP, SOL, DOGE, XLM, Chainlink (LINK), Bitcoin Cash (BCH), Litecoin (LTC), Sui (SUI), SHIB, Polkadot (DOT), and HBAR.
If approved, the contracts would give traders continuous exposure to some of the largest digital assets without traditional expiration dates. The filing signals Kalshi’s intention to compete more directly with established crypto derivatives platforms that already dominate the perpetual futures market.
The expansion also reflects growing confidence among market participants that U.S. regulators are becoming more open to regulated crypto products.
CFTC Takes a Cautious Approach
While the approval of Bitcoin perpetual futures was a milestone for Kalshi, the path for additional cryptocurrencies remains uncertain. The CFTC has indicated that future approvals will be reviewed individually, taking into account the unique characteristics and risks associated with each underlying asset.
This case-by-case framework suggests regulators are willing to consider new products while maintaining oversight of a rapidly evolving market.
For investors, the outcome could help shape the future of regulated crypto trading in the United States.
Derivatives Data Points to Continued Market Interest
Despite recent weakness across the crypto market, derivatives activity remains relatively strong. XRP futures open interest has climbed above $2.9 billion, holding near multi-month highs even as the token posted daily losses.
Ethereum futures activity has also increased, with open interest rising during recent trading sessions. Several other altcoins, including SHIB and BCH, have continued to attract trader attention despite broader market volatility.
However, sentiment remains mixed across assets such as XLM, DOGE, LINK, SUI, and HBAR. In the case of XLM, recent profit-taking followed a sharp rally that had pushed the token significantly higher over the previous week.
Also Read: Kalshi Sues Minnesota as Bitcoin Crashes Out of Top 10 Global Assets
Kalshi’s latest filing highlights the growing demand for regulated crypto derivatives beyond Bitcoin. If approved, the new perpetual futures products could expand access to altcoin trading while bringing additional liquidity and institutional participation into the market.
As regulators evaluate the proposals, traders will be watching closely to see whether the U.S. is ready to embrace a broader range of crypto perpetual futures contracts.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
