Kalshi Brings Regulated Crypto Perps to U.S. Traders

Kalshi has made significant strides in the crypto market by launching CFTC-approved bitcoin perpetual futures. This move provides U.S. traders with access to regulated crypto products on domestic soil, filling a long-standing gap in the market.

The product, listed as BTCPERP, tracks the spot price of bitcoin without an expiration date, giving traders continuous exposure to the underlying asset. Kalshi's CEO, Tarek Mansour, views this launch as part of the company's expansion beyond prediction markets and into a fuller derivatives exchange model.

The CFTC approval follows comments from Chairman Michael Selig, who previewed the regulatory opening in March 2026. The move is seen as a major step forward in President Trump's plan to make the United States the crypto capital of the world.