Kalshi Files to Launch Forex and Interest Rate Perpetual Contracts

Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, in May of this year, the CFTC approved Kalshi to list bitcoin perpetual contracts, followed by ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts to assets beyond cryptocurrencies: in July, it submitted applications for gold, silver, and platinum perpetual contracts, and on Aug. 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said that Kalshi hopes to bring multiple asset classes, including stocks, commodities, cryptocurrencies, fixed income, and interest rates, into a unified trading interface. Currently, the number of markets on the platform has increased from about 4,000 to around 10,000, and activity has gradually spread from a few popular markets to more markets.