Kalshi Launches Regulated Ethereum Perpetual Futures in the US

Kalshi, a CFTC-regulated prediction market platform, has made significant strides in the US crypto trading landscape by launching Ethereum perpetual futures. This development brings leveraged crypto trading into a regulated framework, providing American traders with a new option for accessing these products.

The launch follows the introduction of Bitcoin perpetual futures and is part of Kalshi's expansion into the US market. The platform has filed to certify perpetual futures contracts for several other cryptocurrencies, including XRP, Solana, Dogecoin, Stellar, Shiba Inu, and Hedera, which require separate CFTC review and approval.

Kalshi's entry into the regulated US-based crypto derivatives corridor is seen as a major step forward for American traders who have been reluctant to use unregulated products but also unwilling to pay a premium for access. The platform's positioning as a compliance-first venue rather than a retail-first experiment has contributed to its credibility in the market.

The launch of Ethereum perpetual futures on Kalshi comes at a time when global perpetual futures trading volume has hit $61.7 trillion, up 29% from the prior year. Offshore venues have historically dominated this market, but Kalshi's regulated product offers a credible alternative for institutional participants and compliance-conscious retail traders.