Kalshi has filed documents to launch perpetual futures products for crypto assets such as XRP, Solana, and Dogecoin in the United States. If approved, US traders will be able to establish long-term positions based on the price fluctuations of these tokens without directly holding the spot market.
Plans to launch multiple altcoin contracts
According to the disclosure, these products will adopt a perpetual contract structure with no fixed expiration date, and positions will be maintained through a funding rate mechanism. The article states that this design will allow US users to track spot prices more directly while retaining exposure to derivatives trading.
- XRP
- Solana
- Dogecoin
Pricing integration with CF Benchmarks
The documents show that Kalshi plans to incorporate benchmark price data from digital asset index provider CF Benchmarks as the basis for trading and pricing its related products. The company stated that it chose this framework because of its high transparency and reliability.
The report noted that CF Benchmarks' price data is publicly recorded and under regulatory oversight. Kalshi also stated that this mechanism can continue to operate even when exchanges are disrupted or market trading is disturbed.
Reference prices are from multiple exchanges
To reduce pricing discrepancies and potential vulnerabilities, the benchmark will aggregate market data from multiple regulated trading platforms to form reference prices and funding rates. The platforms mentioned in the article include Coinbase and Kraken.
If the product is ultimately approved, its pricing will not rely on a single exchange, but will be based on the aggregated results of data from multiple platforms. This also means that the range of altcoin derivatives tradable in the United States may further expand.
