BNB Chain Gains Regulated Perps Traction on Kalshi
BNB Chain's BNB token has gained significant traction after Kalshi, a CFTC-regulated prediction market turned crypto derivatives platform, added perpetual futures contracts for BNB on September 4. This move allows eligible US investors to trade the token as a regulated derivative product.
The introduction of BNB perpetuals came as part of a broader batch that included Cardano (ADA), Aave (AAVE), Worldcoin (WLD), and Venice Token (VVV). Following the announcement, BNB's price jumped over 5% to roughly $723, while trading volume spiked 83% within 24 hours.
Kalshi now lists Bitcoin plus 17 altcoin perpetual futures contracts under its 'American Perpetuals' product line. These are USD-margined contracts with no expiration date, allowing traders to hold positions indefinitely without worrying about rollover mechanics.