Kalshi Expands Crypto Derivatives with XRP Perpetual Futures Launch

Kalshi, a U.S.-based prediction market platform, has continued its expansion into cryptocurrency derivatives by launching XRP perpetual futures contracts. This development comes on the heels of the platform's introduction of Bitcoin perpetual futures in June 2023, which received approval from the U.S. Commodity Futures Trading Commission (CFTC).

The launch of XRP perpetual futures signals Kalshi's intent to offer traders exposure to digital assets within a U.S. regulatory framework. Perpetual futures, which have no expiration date, are a popular instrument in crypto markets for leveraged trading and hedging.