%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / Prediction market Kalshi is expanding into cryptocurrency trading by offering perpetual futures trading on its platform. Perpetual futures trading lets investors buy and sell derivative contracts that track an asset's price such as a stock or cryptocurrency. The move puts Kalshi in direct competition with U.S. exchanges such as Coinbase Global (NASDAQ: $COIN ). Kalshi will enter the crypto market by offering perpetual futures on cryptocurrencies such as Bitcoin (CRYPTO: $BTC ). Cryptocurrency perpetual contracts are largely off-limits to U.S. traders and are viewed as a risky product popular on overseas exchanges such as Binance. Along with main rival Polymarket, Kalshi dominates the fast-growing prediction markets industry that lets people bet on the outcomes of real-world events. Wall Street brokerage Bernstein recently forecast that prediction market volumes will grow from about $50 billion U.S. last year to $1 trillion U.S. by 2030. Kalshi reportedly wants to capture crypto trading market share from exchanges such as Coinbase Global and Binance. In March of this year, Kalshi raised more than $1 billion U.S. at a $22 billion U.S. valuation. There are rumours that Kalshi plans to hold its initial public offering (IPO) this year or in 2027. Currently, Kalshi is privately held and its stock doesn’t trade on a public exchange.