US-based financial platform Kalshi has announced plans to launch perpetual futures products for cryptocurrencies in the coming weeks. Its rival Polymarket has also said it is preparing a similar product for its international exchange.
Perpetual futures are derivatives that are perpetual and leveraged. Kalshi will initially launch with bitcoin and other cryptocurrencies, before expanding its product range to commodities and other assets. The company will accept US dollars as collateral, with stablecoins to be added in the future.
The move is seen as both companies expanding their crypto trading activities. It also comes as US regulators are considering regulating such products.
Polymarket’s product will reportedly be offered outside the control of US regulators. Kalshi recently obtained a US margin trading license.
