Key facts
- Kalshi launched perpetual futures trading for BNB, ADA, WLD, AAVE, and Venice Token.
- The new contracts are regulated by the US CFTC and trade under the "American Perpetuals" trademark.
- These perpetuals do not have expiration dates and settle in USD.
- Maximum leverage varies by asset, with BNB at 4.5x and Venice Token at 1.9x.
- The CFTC is facing a lawsuit from CME Group regarding these types of contracts.
Kalshi has expanded its perpetual futures offerings to include BNB, Cardano (ADA), Worldcoin (WLD), AAVE, and Venice Token (VVV), following approval from the U.S. Commodity Futures Trading Commission (CFTC).
These new contracts, trademarked as "American Perpetuals," are regulated by the CFTC, do not have expiration dates, and settle in U.S. dollars. The platform has set varying maximum leverage ratios for these assets, including 4.5x for BNB and 1.9x for Venice Token.
This expansion comes despite a lawsuit filed by CME Group against the CFTC, which alleges that such contracts constitute swaps. The CFTC has filed a motion to dismiss CME's lawsuit, asserting that the exchange lacks standing on its competitive-injury claims.
Following the news, BNB's price saw a jump of over 5% to approximately $729, with an 83% increase in trading volume. Cardano's ADA also experienced a nearly 10% rise, reaching $0.222. Prices for AAVE, WLD, and VVV also moved higher.