Kalshi Files Mass Applications for Perpetual Futures of 12 Altcoins Including Ethereum and Solana… CFTC States "Careful Review on a Case-by-Case Basis"
The U.S. prediction market platform Kalshi has submitted applications to the U.S. Commodity Futures Trading Commission (CFTC) for derivatives based on 12 altcoi
What to know
- The U.S. prediction market platform Kalshi has submitted applications to the U.S. Commodity Futures Trading Commission (CFTC) for derivatives based on 12 altcoi
The U.S. prediction market platform Kalshi has submitted applications to the U.S. Commodity Futures Trading Commission (CFTC) for derivatives based on 12 altcoins, including Ethereum (ETH), Solana (SOL), and XRP, following the approval for listing Bitcoin perpetual futures.
However, it is expected to take some time before these altcoin futures products are actually traded. The CFTC has previously stated that it would thoroughly review perpetual futures for other asset groups, excluding Bitcoin, on an individual basis according to the characteristics of each asset. The authorities warned that the perpetual futures structure might not be suitable considering the low liquidity and high price volatility of certain altcoins.
Nevertheless, the industry is keeping a close eye on whether this large-scale application by Kalshi could serve as a starting signal for the revitalization of the altcoin derivatives market within the U.S. mainstream financial system.