Kalshi gets CFTC approval to list gold and silver perpetual futures in the US
The Commodity Futures Trading Commission approved Kalshi's plan to launch perpetual futures tied to gold and silver. The new contracts began trading on Thursday, following previous approvals for cryptocurrency derivatives.
The United States regulatory body granted permission for Kalshi to offer perpetual futures based on gold and silver. The Commodity Futures Trading Commission, which oversees derivative contracts, issued the approval after a filing submitted in July. These new markets started operations on the platform this past Thursday. In late May, Kalshi previously received clearance to list perpetual futures linked to cryptocurrencies, marking the first time onshore trading of that asset class reached US shores with $90 trillion in annual volume. Data shows the crypto contracts generated $44 billion in notional volume since their launch. Udesh Jha, chief risk officer at Kalshi Klear, the clearing house, stated the firm chose commodities as its next offering due to strong investor interest in inflation-hedged assets like precious metals and oil. Overall, trading volume on Kalshi's commodity contracts has exceeded $400 million over seven months. This figure was reached in half the time required for crypto event contracts to achieve the same milestone.
