Kalshi Expands Perpetual Futures Offerings with Hyperliquid Partnership

Kalshi prediction market has made significant strides in expanding its offerings, filing with the CFTC to launch perpetual futures for Hyperliquid (HYPE). This move marks an important step in Kalshi's partnership with Hyperliquid, which has collaborated on a major infrastructure upgrade. The partnership has enabled Kalshi to bring its regulated financial and prediction markets onto Hyperliquid's decentralized execution layer.

Perpetual futures are a key offering for both platforms, allowing traders to speculate on the price of cryptocurrencies without actually holding them. With this filing, Kalshi is expanding its list of perpetual contracts beyond Bitcoin and Ethereum, which it successfully launched last week. The CFTC-regulated prediction market has also listed several perpetual contracts tied to altcoins such as ETH, XRP, SOL, DOGE, XLM, LINK, BCH, LTC, SUI, SHIB, DOT, and HBAR.

The Hyperliquid (HYPE) price has seen a significant increase in the past 24 hours, trading at $61.95 with an intraday low of $60.92 and high of $65.56. Trading volume has also increased by 20% over the last 24 hours, with massive buying activity in the derivatives market. The total Hyperliquid futures open interest climbed 2% to $2.58 billion in the last 24 hours, signaling bullish sentiment among derivatives traders.