Kalshi’s Crypto Perpetual Futures Reach $17.98 Million Open Interest

Kalshi daily crypto perpetual-futures open interest reached a record $17.98 million.

The reading puts attention on Kalshi’s CFTC-regulated perpetual futures, which allow traders to take leveraged positions on crypto prices without buying the underlying assets.Perpetual futures, or perps, are derivative contracts that let traders take a position on an asset’s price without owning the asset itself.

A trader can take a long position when expecting a price rise or a short position when expecting a decline. Unlike traditional futures, perpetual futures do not have an expiration date, although positions require sufficient collateral to remain open.

Big news for the crypto derivatives spaceKalshi’s daily perp open interest just smashed its previous record, reaching $17.98M.It wasn't long ago that U.S. traders had limited, strictly regulated options for trading perpetual futures directly.