Kalshi Seeks CFTC Approval for XRP and Shiba Inu Perpetual Futures

Regulatory developments in the US cryptocurrency market are heating up as Kalshi, a prediction market and trading platform, has filed an application with the Commodity Futures Trading Commission (CFTC) to launch perpetual futures for XRP and Shiba Inu.

The move comes on the heels of the CFTC's approval of Bitcoin's perpetuals, signaling that the door is opening for more crypto derivatives in the US. Perpetual futures are contracts that never expire and use funding rates to stay close to the spot price, making them a popular choice among traders.

Approval of Kalshi's application would mark a significant step forward for both XRP and Shiba Inu, bringing them closer to mainstream US trading. The move could also set a precedent for other major tokens, potentially opening the floodgates for similar requests from other platforms.