Kalshi has launched Bitcoin perpetual futures trading, calling it the first US perpetual futures product under US regulation. This lets traders bet on Bitcoin’s price without worrying about contract expiration, bringing a popular crypto tool into a regulated US setting.
The product, called BTCPERP, launched after getting approval from the Commodity Futures Trading Commission (CFTC). Kalshi said users can start trading right away and will pay no trading fees for a limited time to encourage participation.
Perpetual futures, or “perps,” are now among the most traded products in global crypto markets. Unlike regular futures, they never expire, so traders can hold positions as long as they want. This flexibility makes them popular with active traders and institutions looking for hedging or leverage.
Until now, most perpetual futures trading happened on offshore exchanges because US rules limited access. Kalshi sees its launch as a big step, bringing a popular trading tool into the US regulatory system.
The company said global perpetual futures trading has grown a lot in recent years, with yearly volumes in the tens of trillions of dollars. By offering a US-based option, Kalshi hopes to attract traders who used to rely on offshore platforms.
This launch also shows Kalshi’s move beyond prediction markets. Even with ongoing legal debates about some event-based contracts, the company is adding more products and growing its presence in crypto financial markets.
Bitcoin Perpetuals are now live for trading.
The First American Perpetual Future.
Only on Kalshi. pic.twitter.com/P8oXcFeosy
— Kalshi (@Kalshi) June 3, 2026
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