US Institutions Get Regulated Access to Bitcoin Perpetual Futures

The Commodity Futures Trading Commission (CFTC) has cleared the way for US-based institutions to trade Bitcoin perpetual futures, and Kalshi is now offering this product.

Kalshi's new product, BTCPERP, allows traders to bet on price movements without taking delivery of actual Bitcoin. The company has partnered with Haruko, a digital markets risk and portfolio management platform, to provide a compliant solution for institutions to handle their onshore perpetual positions.

The integration with Haruko enables customers to trade Kalshi's perpetual futures while tracking their exposure and risk in real-time, using the same interface as their other holdings. This means that large investors can now manage their crypto derivatives in the US through a regulated channel.