US CFTC Approves Hyperliquid (HYPE) Perpetuals Trading on Kalshi
Highlights
- Hyperliquid (HYPE) 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 XLM, DOGE, SHIB, and HBAR perpetual futures trading next.
- HYPE futures open interest tops XRP futures open interest today.
Kalshi prediction market on Thursday said Hyperliquid (HYPE) perpetual futures are now live for trading on the platform. This represents another new addition to its line of US CFTC-regulated perpetual contracts offered in the United States.
Hyperliquid (HYPE) Perpetuals Goes Live on Kalshi
Kalshi has launched Hyperliquid perpetual futures trading after successful approval from the US CFTC, the prediction market platform confirmed in an X post. The HYPE perpetuals are available for trading in the United States.
Also, Kalshi announced zero trading fees for a limited time as trading goes live without a waiting list. The perpetuals are CFTC-regulated and don’t have an expiration date. It is a major development for the Hyperliquid community.
Notably, Kalshi and Hyperliquid have a close partnership and are expanding into each other’s core businesses. They collaborated on a major HIP-4 infrastructure upgrade.
The launch coincides with Kalshi’s recent launch of Solana and XRP perpetual futures. The products debuted under the trademark “American Perpetuals,” which aims to offer CFTC-regulated perpetual futures contracts trading to users in the United States.
The US CFTC is approving these perpetual futures contracts listing under a case-by-case review process. Today, the CFTC has approved HYPE perpetual futures for trading on Kalshi.
Kalshi prediction market eyes launching DOGE, XLM, LINK, BCH, LTC, SUI, SHIB, DOT, and HBAR perpetual futures trading in the coming days.
Price Surges 10%
HYPE price has rocketed more than 10% as Kalshi announced HYPE perpetuals approval, with the price currently trading at $59.40. The intraday high and low are $52.70 and $59.45, respectively.
However, trading volume has dropped slightly despite President Donald Trump’s cancelled of scheduled strikes against Iran. He signaled that the US-Iran peace deal is near.
Hyperliquid overtook XRP in total futures open interest in the last 24 hours amid Kalshi debut. HYPE futures open interest climbed 11% to $2.49 billion in the last 24 hours. The 4-hour Hyperliquid futures interest is rising massively on Bnance, OKX, and Bybit crypto exchanges.
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