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Kalshi Seeks U.S. Approval for Ethereum, XRP and Solana Perpetual Futures

Kalshi Seeks U.S. Approval for Ethereum, XRP and Solana Perpetual Futures

Kraken expects to launch CFTC-regulated Bitcoin perpetual futures on Bitnomial within 30 days, while Kalshi has self-certified altcoin perpetual futures that remain under case-by-case CFTC review.

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Fact Check
Kraken's own Business Wire press release ('Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders') and Kraken's verified X account (@krakenfx) directly state perpetual futures will be available to eligible US clients within 30 days, listed on Bitnomial. Independent reporting by Cointelegraph and crypto.news corroborates the timing, the Bitnomial venue, and the institutional/eligible-US-client scope. The claim accurately reflects the primary source.
Summary

Kraken said it expects to launch CFTC-regulated Bitcoin perpetual futures for U.S. institutional clients within 30 days on Bitnomial, a CFTC-regulated exchange recently acquired by Payward, following the CFTC’s approval of Bitcoin perpetual contracts on May 29. Separately, Kalshi has submitted a self-certification filing for perpetual futures linked to Ethereum, XRP, Solana, Dogecoin and other tokens. The CFTC said non-Bitcoin perpetual futures will be reviewed individually, so Kalshi’s proposed altcoin products have not yet been approved. Together, the developments show regulated U.S. crypto derivatives expanding beyond Bitcoin-focused products, while competition grows among exchanges seeking to bring perpetual futures into the domestic market.

Terms & Concepts
  • Perpetual futures: Derivative contracts with no fixed expiration date, allowing continuous exposure and typically using mechanisms such as funding payments to keep prices aligned with spot markets.
  • Self-certification: A process allowing an exchange to list a derivatives product by certifying it meets regulatory rules, subject to regulator review or objection.
  • CFTC: The Commodity Futures Trading Commission, the U.S. regulator overseeing derivatives markets including futures products.