Ripple News: Kalshi Launches XRP Perpetual Futures with Zero Trading Fees
Highlights
- XRP perpetual futures trading goes live on Kalshi prediction market.
- CFTC-regulated prediction market announced zero trading fees for a limited time.
- Kalshi is expected to launch Solana, XLM, DOGE and Hedera perpetual futures trading next.
- XRP futures open interest tops Hyperliquid futures open interest today.
Prediction market Kalshi announced on Wednesday that XRP perpetuals are now live for trading. This comes after the CFTC-regulated prediction market successfully launched Bitcoin and Ethereum perpetuals trading for users in the United States.
XRP Perpetuals Trading Goes Live on Kalshi
Kalshi has launched XRP perpetual futures trading after sucessfully approval from the US CFTC, the prediction market platform confirmed in a X post. The firm labeled the debut “American Perpetuals” to enable compliant trading by US users.
Kalshi also announced zero trading fees for a limited time to attract early users. Users have to sign up for the waiting list to enjoy zero trading fees. Notably, Kalshi perpetuals are CFTC-regulated, with no expiration date.
It is a major development for the XRP community and Ripple, with rising regulatory clarity for the crypto asset. This is also huge for liquidity and adoption.
The launch comes after Kalshi launched Ethereum perpetuals last week, following CFTC’s approval for Bitcoin perpetual futures. This marks Kalshi’s further expansion into crypto derivatives trading beyond event contracts.
Hyperliquid, Solana, DOGE, SHIB, and 7 Others In Line for Approval
As CoinGape reported earlier, Kalshi filed for perpetual futures tied to alcoiins such as Ethereum (ETH), XRP, Solana (SOL), Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Hedera (HBAR).
CFTC confirmed a case-by-case review process for approving these perpetual futures contracts listing. Today, the CFTC has approved XRP perpetual futures for trading on Kalshi.
Kalshi prediction market will launch SOL, XLM, DOGE, SHIB, and HBAR perpetual futures trading in the coming days, following the successful approval of Ethereum and XRP perpetuals.
Amid rising Wall Street interest, Kalshi filed for Hyperliquid perpetuals with the US CFTC. The platforms have a close partnership, including collaboration on a major HIP-4 infrastructure upgrade. This brought Kalshi’s regulated financial and prediction markets onto Hyperliquid’s decentralized execution layer.
Meanwhile, XRP price is down more than 4% to $1.11 as the US launched retaliatory strikes against Iran. The intraday high and low are $1.18 and $1.11, respectively. However, trading volume has dropped slightly as analysts remain bullish on a recovery to $1.20.
Coinglass data revealed XRP overtook HYPE in total futures open interest in the last 24 hours. XRP futures open interest is down almost 2% to $2.35 billion in the last 4 hours, while HYPE plunged nearly 10% to $2.28 billion.
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