Prediction market platform Kalshi's perpetual futures have already crossed $1 billion in trading volume within a week of their launch last week, the company shared exclusively with CNBC.
The company officially launched trading on crypto perpetual futures, or "perps," on Wednesday, and in the first 24 hours saw more than $100 million in volume. Volumes are notional, which means leverage traders tak...
The launch of perpetual futures by Kalshi represents a significant shift in U.S. crypto derivatives markets, but the narrative warrants scrutiny. The strongest version of this story highlights genuine regulatory progress and pent-up demand, with Kalshi and Coinbase simultaneously gaining approval to offer these products. The $1 billion volume in a week is impressive, though it's important to note that these are notional figures including leverage, which can amplify both gains and losses. The art...