{"id":4599,"date":"2026-06-09T18:25:10","date_gmt":"2026-06-09T18:25:10","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/kalshi-perpetual-futures-trading-perps-crosses-1-billion-in-volume-within-a-week-of-launch\/"},"modified":"2026-06-09T18:25:10","modified_gmt":"2026-06-09T18:25:10","slug":"kalshi-perpetual-futures-trading-perps-crosses-1-billion-in-volume-within-a-week-of-launch","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/kalshi-perpetual-futures-trading-perps-crosses-1-billion-in-volume-within-a-week-of-launch\/","title":{"rendered":"Kalshi perpetual futures trading &#8216;perps&#8217; crosses $1 billion in volume within a week of launch"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108287688\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Kalshi&#8217;s logo appears on a smartphone placed on a reflective surface, with a blurry betting curve projected in the background in Creteil, France, on March 9, 2026, during a major scandal and $54 million lawsuit concerning bets related to recent strikes in Iran.<\/p>\n<p>Nurphoto | Nurphoto | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Prediction market platform Kalshi&#8217;s perpetual futures have already crossed $1 billion in trading volume within a week of their launch last week, the company shared exclusively with CNBC.\u00a0<\/p>\n<p>The company officially launched trading on crypto perpetual futures, or &#8220;perps,&#8221; on Wednesday, and in the first 24 hours saw more than $100 million in volume.\u00a0<\/p>\n<p>Perps are futures contracts with no expiration date that allow traders to speculate on a price without owning the underlying asset. Contracts track the price of an asset continuously, with funding payments keeping the perpetual contract price aligned with the market.\u00a0<\/p>\n<p>The asset class has over $90 trillion in annual global volume, according to Bank of America, but before Kalshi there wasn&#8217;t a way to trade the contracts in the U.S.\u00a0<\/p>\n<p><em>(Kalshi CEO Tarek Mansour will make an appearance on CNBC&#8217;s &#8220;Fast Money&#8221; on Tuesday at 5 p.m. ET.)<\/em><\/p>\n<p>Kalshi received regulatory approval from the Commodity Futures Trading Commission on May 29 to be the first company in the U.S. to offer perp contracts. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">Coinbase<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> on the same day also received approval from regulators to offer its U.S. traders access to global perp contracts through an affiliate.\u00a0<\/p>\n<p>Pent up domestic demand has been reflected on Kalshi since the launch. A spokesperson said that at one point the waitlist to access perps on the platform had more than 1 million people on it, and that it&#8217;s the fastest growing product in the company&#8217;s history.\u00a0It took Kalshi 40 months to see $1 billion in trading volumes across its event contracts.<\/p>\n<p>Perpetuals marked the company&#8217;s biggest product launch since it first launched its prediction markets. <\/p>\n<p><em>Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.<\/em><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi&#8217;s logo appears on a smartphone placed on a reflective surface, with a blurry betting curve projected in the background in Creteil, France, on March 9, 2026, during a major scandal and $54 million lawsuit concerning bets related to recent strikes in Iran. Nurphoto | Nurphoto | Getty Images Prediction market platform Kalshi&#8217;s perpetual futures [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[805,3430,2882,1847,1494,3428,3429,860,1130,293],"class_list":["post-4599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-billion","tag-crosses","tag-futures","tag-kalshi","tag-launch","tag-perpetual","tag-perps","tag-trading","tag-volume","tag-week"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4599"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4600"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}