According to reports, Kalshi plans to launch crypto perpetual futures, expanding beyond prediction markets as regulated derivatives offerings in the US continue to evolve. Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies such as Bitcoin (BTC). Perpetual futures are a type of derivative contract that allows traders to speculate on price movements without an expiration date. Read more
Tempo announced the integration of ”stablecoin-powered payment infrastructure” with DoorDash, Stripe, Paradigm, Coastal Bank and ARQ. DoorDash plans to offer its users, “dashers” and merchants the option to use stablecoins in their transactions with the food delivery app, according to the Tempo blockchain. In a Tuesday notice, Tempo said that together with DoorDash, it was “building stablecoin-powered payment infrastructure” in a move for its delivery drivers, also known as “dashers,” merchants, and users to settle transactions using digital currency. The blockchain cited payout speed, lower cross-border cost and transaction flexibility in its reasons for the integration, expected to apply to users in more than 40 countries. “If we can get merchants and Dashers their money faster, and do that in a way that's affordable for them, that's a no-brainer for the entire ecosystem,” said DoorDash co-founder Andy Wang. Read more
With a CFTC greenlight expected soon, industry momentum is building for the derivative contracts still only available to non-US investors. Blockchain.com has rolled out perpetual futures trading in its non-custodial DeFi wallet, allowing users to open leveraged positions directly from self-custodied Bitcoin used as collateral without transferring funds to an exchange. According to Tuesday’s announcement, the feature is routed through decentralized derivatives exchange Hyperliquid and gives users access to more than 190 crypto markets with up to 40x leverage. Perpetual futures are derivative contracts that allow traders to take leveraged positions on an asset’s price without an expiration date. Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said last month that the derivatives regulator plans to allow the contracts in the coming weeks. Read more