Kalshi launches public crypto perpetuals, including HYPE, with 11-token rollout

The regulated U.S. platform said its public perpetuals launch includes 11 tokens and the first Hyperliquid-native perp; Barron's reporter Nick Devor said on X Kalshi Pro is planned for later this summer.

XRP
HYPE

Summary

Kalshi has opened its perpetuals product to the public with support for 11 tokens, including $HYPE, making it the first regulated platform to list a Hyperliquid-native perpetual contract and extending access to U.S. traders. Following the launch, Hyperliquid futures open interest rose to $2.48 billion, overtaking XRP, while the HYPE token gained more than 10%. Barron's reporter Nick Devor said on X that Kalshi also plans to launch Kalshi Pro, its proprietary trading terminal, later this summer.

Terms & Concepts
  • perpetual contract: A futures-like derivative with no expiration date.
  • futures open interest: The total value or number of outstanding futures contracts that have not been closed.
  • Kalshi Pro: Kalshi's proprietary trading terminal.