Key Highlights
- Kalshi launched Solana (SOL) perpetual futures in the U.S. under CFTC regulation, expanding its “American Perpetuals” crypto product line.
- The platform allows traders to trade Solana without expiry dates and offers zero trading fees at launch to attract early users and build liquidity.
- Kalshi is steadily adding major crypto assets like Bitcoin, Ethereum, XRP, and now Solana, while more coins are waiting for regulatory approval.
Kalshi, a U.S.-regulated prediction market platform, has launched Solana (SOL) perpetual futures in the United States under the oversight of the Commodity Futures Trading Commission (CFTC).
In an X post on Wednesday, the company announced that the “SOL perpetuals are now live for trading” on its platform, adding to its growing “American Perpetuals” product line.
The launch means traders in the U.S. can now bet on Solana’s price movements using perpetual futures without worrying about contract expiry dates. The new Solana product will come with zero trading fees for a limited time, clearly aimed at pulling in early users and building activity on the new market.
One crypto at a time expansion strategy
The Solana contract follows Kalshi’s recent launch of XRP perpetual futures under the same “American Perpetuals” brand. Before that, the platform introduced Bitcoin and Ethereum perpetual futures after receiving regulatory approval.
In effect, Kalshi is expanding its regulated crypto derivatives offering gradually, adding major assets one at a time rather than launching multiple products simultaneously.
What are perpetual futures?
Perpetual futures, also called “perps,” are trading contracts that allow users to go long or short on a crypto price without an end date. Unlike normal futures contracts that expire, these can be held as long as the trader wants.
To keep prices close to the real market, funding payments are used between traders. This setup is already very common on offshore crypto exchanges, but Kalshi is now offering it inside a U.S.-regulated system.
Shift from offshore to U.S. regulation
The important shift here is location and control. Most perpetual trading in crypto today happens on offshore platforms that operate outside strict U.S. rules. Kalshi is bringing the same type of product into a CFTC-supervised environment.
This means traders are getting access to high-risk, high-reward crypto tools, but under a regulated framework that is meant to improve transparency and oversight.
More crypto listings in the pipeline
Kalshi’s expansion is not expected to stop with Solana and XRP. The company launched Bitcoin perpetual futures earlier this month, describing it as the “first American Perpetual Future.”
Ethereum perpetual futures followed on June 5, followed by XRP, and now Solana has joined the list.
Kalshi has also filed for additional perpetual futures contracts tied to cryptocurrencies, including Stellar (XLM), Dogecoin (DOGE), Shiba Inu (SHIB), and Hedera (HBAR). These products remain subject to regulatory review before they can be listed. Each contract must be assessed individually by the CFTC.
However, regulators are still watching closely. The CFTC has continued to review how prediction markets and crypto derivatives should be managed in the U.S. Every new product must pass approval before going live, which means Kalshi’s growth depends heavily on regulatory decisions.
Overall, the launch brings one of the most popular crypto assets into a regulated U.S. trading system for leveraged contracts. If more coins follow, it could slowly move trading activity away from offshore platforms and into regulated American markets.
Also Read: Old Code, New Damage: Raydium Hit by $1.34M Legacy Pool Hack
