Kalshi Launches Ethereum Perpetual Futures in US After CFTC Approval

Kalshi has expanded its product offerings with the introduction of Ethereum perpetual futures trading in the US. The company's move comes after receiving approval from the Commodity Futures Trading Commission (CFTC) to operate such products.

Ethereum perpetual futures allow traders to buy and sell contracts with no expiration date, instead using funding payments to track spot prices. This type of trading has historically been limited to offshore exchanges, but Kalshi's regulated platform offers US traders access to this market.

The launch marks a significant milestone for Kalshi, which was previously known primarily for event-based prediction market contracts. The company's expansion into traditional leveraged crypto trading products is expected to increase competition in the market and provide new opportunities for investors.