On June 3, Kalshi, a U.S. prediction market platform regulated by the CFTC, announced the launch of Bitcoin perpetual contracts. The new product is cash-settled, allowing users to trade around the clock, 7 days a week. To maintain the contract price close to the underlying spot Bitcoin price, Kalshi employs a funding rate mechanism, where payments are periodically exchanged between long and short positions. This move expands Kalshi's crypto derivative offerings, providing traders with additional instruments for hedging and speculation.
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