Kalshi Files for XRP and Dogecoin Perpetual Futures Products

Prediction market platform Kalshi has filed to self-certify perpetual futures contracts covering 12 major cryptocurrencies, including $XRP, Solana $SOL, and Dogecoin $DOGE, moving quickly to expand its derivatives lineup just days after securing a landmark regulatory win on Bitcoin.

The full roster listed in the filing covers Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. The products were certified on June 1 under the KalshiEX platform, according to CFTC product filings.

Building on the Bitcoin Approval

The filings follow the CFTC's approval of Kalshi's Bitcoin perpetual futures contract (BTCPERP) on May 29, 2026, a move the regulator described as a coordinated effort to bring perpetual contract trading into the U.S. regulatory framework. CFTC Chair Mike Selig called it a foundational step toward establishing the United States as a global hub for digital asset markets.

Perpetual futures have no fixed expiration date. Instead, traders hold positions indefinitely while paying or receiving periodic funding rates that keep the contract price aligned with the underlying spot market. The structure has historically been dominated by offshore platforms such as Binance and Bybit, largely out of reach for U.S. investors on regulated venues.

Regulatory Hurdles Remain

None of the 12 altcoin contracts are approved yet. The CFTC's policy statement on perpetual contracts makes clear that contracts tied to assets beyond Bitcoin will be reviewed on a case-by-case basis, given that the perpetual contract structure may not be suitable for every asset class. Each filing will either proceed through self-certification without objection or require a separate review from the regulator, a process that could take several months with no guarantee of approval.

If the contracts do receive clearance, they would give U.S. traders regulated access to some of the most actively traded altcoins in the derivatives market. According to CoinGlass data, open interest across crypto derivatives remains concentrated at the top, with Bitcoin at roughly $54.9 billion, Ethereum at $31.5 billion, Solana at $5.5 billion, and XRP near $3 billion.

The push also places Kalshi in more direct competition with crypto-native platforms and other U.S. regulated venues. Coinbase has separately been moving into U.S.-regulated perpetual-style products, reflecting a broader shift in how the domestic crypto derivatives market is being structured.

Sources:
Kalshi Eyes Perpetual Futures for XRP, Solana, Dogecoin and These Altcoins – Decrypt
CFTC Approves U.S. Bitcoin Perpetual Futures Contract and Issues Related Guidance – Lowenstein Sandler
Kalshi Launches First-Ever Perpetual Futures in America – Kalshi Official Blog