MarketPR
Kalshi's perpetual futures desk crossed $1 billion in cumulative trading volume in less than a week, a pace the company itself did not project when it launched the product.
The figure overshadows Kalshi's original prediction-market operation, signaling that crypto derivatives — including a $BTC perpetual — may become the firm's defining business rather than a side offering.
Two other market developments also drew attention: ProShares is preparing a 2x leveraged SpaceX ETF, and a project called Fable 5 is unsettling corners of the decentralized finance space.
Kalshi's Perp Volume Rewrites the Firm's Story Kalshi made its name as a regulated prediction-market platform, the kind of venue where traders price the odds of elections or Federal Reserve decisions.
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