Kalshi has rolled out U.S.-regulated crypto perpetual futures contracts covering Bitcoin, Ethereum, Solana, XRP, and HYPE. The CFTC approved the Bitcoin contract on May 29, shifting focus from regulatory approval to trading performance.
Kalshi’s platform now displays these contracts publicly, with funding charged every eight hours. Leverage varies by asset, reaching 5.9x for Bitcoin and lower levels for other tokens.
Bitcoin holds the strongest position due to its deeper spot liquidity and established benchmarks. Altcoin contracts must prove they can maintain tight spreads and balanced order books.
Traders will evaluate spreads, depth, fees, and market-maker support during volatile periods. The company uses CF Benchmarks indices for reference pricing and settlement.
Offshore venues continue to dominate global perp trading habits, but regulated U.S. access offers a compliance advantage for some participants.
