According to the foreign crypto media outlet CoinGape, the prediction market platform Kalshi launched Ripple (XRP) perpetual futures trading on Wednesday, local time.

CoinGape reported that Kalshi announced the launch of XRP perpetual futures trading via X (formerly Twitter). This new product, named 'American Perpetuals,' is designed to allow U.S. users to trade in compliance with regulations. To attract early users, Kalshi is temporarily waiving trading fees, though users must register on a waitlist to receive this benefit.

Kalshi's perpetual futures are regulated by the U.S. Commodity Futures Trading Commission (CFTC) and have no expiration date. CoinGape evaluated this listing as an important trend that will expand liquidity and market adoption at a time when regulatory uncertainty surrounding XRP is being resolved. According to CoinGape, the CFTC approved Kalshi's XRP perpetual futures trading on the same day (local time).

Previously, following its launch of Bitcoin perpetual futures after receiving CFTC approval, Kalshi introduced Ethereum perpetual futures last week. CoinGape noted that this listing represents Kalshi's move to expand its territory beyond event contracts into virtual asset derivatives trading.

CoinGape previously reported that Kalshi had applied to offer perpetual futures related to several altcoins, including Ethereum, XRP, Solana, Stellar, Dogecoin, Shiba Inu, and Hedera. The CFTC confirmed a process of reviewing the listing of these perpetual futures contracts on a case-by-case basis. CoinGape predicted that following Ethereum and XRP, Kalshi would sequentially roll out perpetual futures trading for Solana, Stellar, Dogecoin, Shiba Inu, and Hedera in the future.

Amid growing interest from Wall Street, CoinGape reported that Kalshi has also applied to the CFTC for Hyperliquid perpetual futures. According to CoinGape, Kalshi and Hyperliquid are maintaining a close partnership, which includes collaboration on a major HIP-4-based upgrade.

Meanwhile, CoinGape reported that following U.S. retaliatory airstrikes on Iran, the price of XRP fell by more than 4%, recording a price of $1.11. The intraday high and low were $1.18 and $1.11, respectively. Although trading volume slightly decreased, analysts remain positive about the possibility of a recovery to $1.20.

Citing data from CoinGlass, CoinGape reported that over the past 24 hours, XRP has surpassed HYPE (Hyperliquid) in total futures open interest. XRP futures open interest decreased by about 2% over the last 24 hours to record $2.35 billion, while HYPE plummeted by about 10% to $2.28 billion.

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