Kalshi is reportedly moving to expand its cryptocurrency derivatives offerings by filing for perpetual futures contracts tied to several major digital assets, including XRP, Solana, and Dogecoin, in the United States.
The reported filing would mark a significant step beyond the company’s existing focus on Bitcoin-related products and could provide U.S. traders with additional regulated options for gaining exposure to leading cryptocurrencies.
According to reports, Kalshi has submitted certification filings for perpetual futures contracts linked to XRP, Solana (SOL), Dogecoin (DOGE), and other digital assets. However, these products have not yet received regulatory approval, and no official launch has been confirmed.
The development follows Kalshi’s recent success in obtaining approval from the U.S. Commodity Futures Trading Commission (CFTC) for its Bitcoin perpetual futures contract, known as BTCPERP. That approval established a regulatory pathway for the company’s expansion into crypto derivatives.
While the Bitcoin product has already cleared regulatory review, the proposed XRP, Solana, and Dogecoin contracts may still need separate evaluations before they can be listed for trading. Regulators have indicated that each asset class may require its own review process.
Reports also suggest that Kalshi intends to use pricing data from CF Benchmarks, a well-known provider of regulated cryptocurrency reference rates. These benchmarks are already used across several institutional crypto investment products and could help support pricing and funding mechanisms for the proposed perpetual futures contracts.
Perpetual futures differ from traditional futures contracts because they do not have an expiration date. Instead, they use periodic funding payments to keep futures prices closely aligned with the underlying spot market.
The reported filing comes as competition in the U.S. regulated crypto derivatives market continues to intensify. Several major companies are expanding their offerings as institutional demand for regulated cryptocurrency trading products grows.
If approved, the new contracts could provide traders with a regulated way to gain exposure to XRP, Solana, Dogecoin, and other cryptocurrencies without directly owning the underlying assets. This may appeal to investors seeking access to crypto markets through established financial products and regulatory frameworks.
For now, however, the proposed products remain at the filing stage. While Kalshi’s Bitcoin perpetual futures have already received regulatory approval, the XRP, Solana, and Dogecoin contracts should still be considered proposed products until regulators provide formal approval or the company announces an official launch.
The reported move highlights the growing demand for regulated crypto derivatives and reflects the broader trend of integrating digital assets into traditional financial markets.
