All articles tagged with #perpetual futures
Kalshi unveiled Kalshi Pro, a beta trading terminal for its most active traders to manage multiple markets, resting orders, and multi-leg contracts, featuring a real-time public-trades feed, improved order-book visibility, and new tools to manage perpetual futures risk, aiming to centralize workflows for top speculators.
CME Group CEO Terrence Duffy says the exchange will sue the CFTC over the regulator’s approval of bitcoin perpetual futures for Kalshi, arguing perpetuals are swaps under the Dodd-Frank Act; the lawsuit is to be filed the next day, a plan he has been pursuing with the board for months as he prepares to step down in 2027, while the CFTC defends its decision.
Kalshi has filed with the U.S. CFTC to self-certify perpetual futures tied to roughly 12 major altcoins (including XRP, Solana and Dogecoin), following the regulator’s Bitcoin perps approval. Listing of these products will be considered case-by-case and is not yet approved. The move signals growing regulatory traction for onshore crypto derivatives in the U.S., even as competition from offshore platforms and 24/7 CME trading expands the landscape.
The US Commodity Futures Trading Commission approved listing of a bitcoin perpetual futures contract on registered exchanges—the first of its kind in the US—with other assets to be reviewed case by case. The move follows Hyperliquid’s rapid offshore growth, notably in oil-linked contracts spurred by the Iran war, and signals regulators’ closer scrutiny of 24/7, high‑leverage trading. It could prompt regulated rivals like Kalshi, Coinbase, and ICE to offer similar products, while concerns about leverage, price manipulation, and access for US traders persist.
Ostium, a decentralized exchange founded by Harvard graduates, has raised $20 million in Series A funding to develop a platform for trading derivatives on real-world assets and cryptocurrencies, aiming to compete with traditional brokerages and target non-U.S. investors outside the crypto-native community.
Bitcoin's 4% drop to $42,000 has cooled the overheated crypto perpetual futures market, as funding rates for major cryptocurrencies have receded to a healthy territory below 0.1%. The decline in futures open interest suggests that overleveraged traders have been shaken out of the market, causing a minor bullish/bearish hiccup.
Coinbase has launched its International Exchange, offering Bitcoin and Ethereum perpetual futures to institutional clients. The exchange will settle trades in USD Coin and have several security features, including real-time 24/7 risk management, dynamic margin requirements, and rigorous compliance standards. The exchange will focus on high-bar regulatory jurisdictions and will be accessible to institutional clients in eligible non-US jurisdictions through an API. Retail customers will not initially have access. Coinbase is committed to the US but believes that countries worldwide are increasingly moving forward with responsible, crypto-forward regulatory frameworks.