Kalshi will enter the crypto market by offering perpetual futures, the most popular type of trading products, on crypto tokens such as bitcoin, the people said. Crypto perpetuals, largely off-limits to U.S. traders so far, are a type of risky product popular on overseas exchanges like Binance and Hyperliquid. They are futures contracts that allow traders to make leveraged bets on crypto prices without an expiration date.
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Kalshi to launch crypto trading with perpetual futures
Coinbase is also gearing up to offer perpetual products in the U.S. Last year, it launched “perpetual-style futures,” with expiration dates of five years. Kraken last week announced an acquisition of Bitnomial, a U.S. crypto derivatives platform, for up to $550 million, which could allow it to offer perpetuals in the U.S.
