Kalshi Expands Perps Offerings with BNB, ADA, and AAVE Contracts

Kalshi, a platform for prediction markets, has expanded its offerings to include perpetual futures (perps) contracts for BNB, ADA, and AAVE. The addition comes after Kalshi filed with the US CFTC last week and received approval. These new perps join existing contracts for Bitcoin and 17 altcoins.

The max leverage varies by crypto asset, ranging from 4.5x for BNB to 1.9x for Venice Token (VVV). The perpetuals are CFTC-regulated, have no expiration date, and settle in USD. Notably, approvals for XLM, DOT, and HBAR are still pending with the US CFTC.

The introduction of these new perps has been met with a rebound in prices across the board. BNB price jumped more than 5% to $729 amid the broader crypto market recovery. ADA price saw a nearly 10% surge to $0.222, while AAVE, WLD, and VVV prices also rose as the US Treasury bought back $12.5 billion of debt in its latest operation.