Kalshi's crypto perpetual futures surpass $1 billion in first-week trading volume
By
Davis Giangiulio
Lightly browned and well buttered. A solid pick from the rack.
Summary
Prediction market platform Kalshi's newly launched crypto perpetual futures ("perps") surpassed $1 billion in notional trading volume within their first week. The product saw over $100 million in volume within the first 24 hours of its Wednesday launch. Perps are futures contracts with no expiration date that allow price speculation without owning the underlying asset. A company spokesperson stated the product is the fastest-growing in Kalshi's history.
Key quotes
· 1 pulledThe product is the fastest growing in the prediction market platform's history.
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