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XRP Perpetual Contracts Officially Go Live on Kalshi XRP Perpetual Contracts Officially Go Live on Kalshi

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XRP Perpetual Contracts Officially Go Live on Kalshi – Crypto News

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XRP perpetual contracts are now live for trading on the U.S.-regulated prediction market Kalshi, according to a Wednesday announcement. 

The launch, which has also been confirmed by RippleX, introduces what Kalshi calls “American Perpetuals” to the U.S.-based traders. 

No geographical barriers 

Just over a week ago, on Friday, the Commodity Futures Trading Commission (CFTC) allowed Kalshi to offer the first-ever truly perpetual futures tied to the price of Bitcoin in the United States. This was a key decision that paved the way for similar launches. 


XRP Perpetual Contracts Officially Go Live on Kalshi


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On June 1, Kalshi immediately filed to self-certify derivatives tied to a slate of 12 leading altcoins, including Ethereum, Solana, Dogecoin, and XRP. 

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The CFTC originally indicated that perpetual futures for assets beyond Bitcoin would be reviewed on a case-by-case basis due to the differences between the massive altcoins.  

Kalshi successfully cleared the regulatory hurdles to bring the XRP contracts to market.

Perpetual futures have been the go-to trading instrument for cryptocurrency traders for years. They do not feature an expiration date, meaning that speculative positions can be held indefinitely. 

Offshore platforms of the likes of Binance or decentralized exchanges like Hyperliquid used to rule the roost within this sector. However, geographical barriers are now being slowly but surely taken down due to the cryptocurrency-friendly CFTC. 

Impressive demand 

The rollout of Kalshi’s crypto perpetuals has been met with impressive demand. 

The platform captured $100 million in trading volume within just 24 hours. 

The listing is a substantial milestone for XRP. The Ripple-linked token already boasts a massive portion of the global crypto derivatives market. It commands roughly $3 billion in open interest behind only Bitcoin, Ethereum, and Solana.

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