Kalshi has asked U.S. regulators to clear perpetual futures on a dozen altcoins, including XRP (XRP), Solana (SOL), and Dogecoin (DOGE), deepening its push into crypto derivatives.
Key Points:
- Kalshi filed to self-certify perpetual futures tied to 12 altcoins with the CFTC.
- The request follows the regulator's clearance of Bitcoin perpetuals last week.
- Open interest stays concentrated in Bitcoin, Ether, Solana and XRP.
Kalshi Files XRP, SOL Perpetual Futures With CFTC
The prediction market filed with the Commodity Futures Trading Commission on Monday to self-certify perpetual futures tied to 12 altcoins. The slate covers Ethereum (ETH), XRP, Solana, Dogecoin, Stellar (XLM), Chainlink (LINK), Bitcoin Cash (BCH), Litecoin (LTC), Sui (SUI), Shiba Inu (SHIB), Polkadot (DOT), and Hedera (HBAR). The contracts were certified on Jun. 1 under the KalshiEX platform.
The move follows the agency's approval of Bitcoin (BTC) perpetual futures last week, the platform's first such launch in the country.
The regulator said it would weigh each token on its own merits rather than grant blanket clearance.
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Altcoin Derivatives Demand Builds Despite Price Slide
The filing carries the company into a corner of the market long dominated by offshore venues, pitting it against Binance, Coinbase, and Hyperliquid. Regulators have warned that the structure, which carries no expiry and runs on a funding rate, may not suit every asset.
Open interest stays clustered in the largest coins. Trades tied to Bitcoin totaled about $54.9 billion, trailed by Ether at $31.5 billion, Solana at $5.5 billion, and XRP at $3 billion.
Appetite for altcoin exposure is climbing even as spot prices wobble.
XRP has had a rough stretch, trading near $1.27 after sliding 4% in a day. Stellar shed more than 12% on profit taking, unwinding part of a rally that topped 60% in a week. The pullbacks show how fast altcoin sentiment can flip once the buying pressure eases.
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