Kalshi's Perpetual Futures Trading Volume Exceeds $1 Billion in First Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: CNBC
- Volume Milestone: Kalshi's perpetual futures have surpassed $1 billion in trading volume within just one week of launch, indicating strong market demand and marking rapid growth in the fintech sector.
- Impressive First Day: The platform recorded over $100 million in trading volume within the first 24 hours, reflecting investor interest in contracts without expiration dates, which further boosts the company's market share.
- Strong Domestic Demand: The perpetual futures have become the fastest-growing product in Kalshi's history, with a waitlist exceeding 1 million people at one point, highlighting the urgent demand for this innovative trading method in the U.S.
- Regulatory Approval Advantage: Kalshi received regulatory approval from the Commodity Futures Trading Commission on May 29, becoming the first company in the U.S. to offer perpetual contracts, thereby solidifying its leading position in the market.
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Analyst Views on COIN
Wall Street analysts forecast COIN stock price to rise
25 Analyst Rating
17 Buy
7 Hold
1 Sell
Moderate Buy
Current: 164.915
Low
230.00
Averages
361.63
High
440.00
Current: 164.915
Low
230.00
Averages
361.63
High
440.00
About COIN
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides a platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers their primary financial account for the onchain economy; institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The Company offers products and services to various customer groups: consumers, businesses, institutions, and developers. Its transaction products consist of consumer trading, prime trading, markets, base protocol and Coinbase wallet. The Company also provides market infrastructure in the form of exchanges for customers to trade spots and derivatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Lawsuit Against CFTC: Duffy stated that CME will sue the Commodity Futures Trading Commission on Thursday over its approval of perpetual futures, a move that could spark legal disputes within the industry and affect regulatory policies.
- Negative Market Reaction: Following the CFTC's approval of perpetual futures, shares of CME Group, Cboe, and ICE fell, as investors expressed concerns that this decision could pose a long-term competitive threat to existing exchanges, reflecting market caution towards new products.
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- Positive Market Reaction: Coinbase's stock rose by 1% during trading, and retail sentiment on Stocktwits remained in the ‘bullish’ zone, indicating growing investor confidence in the company's future, particularly as it expands its financial services.
- Enhanced Competitive Advantage: Deutsche Bank analysts noted that Coinbase's expansion into tokenized assets and on-chain financial services will strengthen its competitive position; although new products may take time to materially impact financial results, they are expected to diversify revenue streams in the long run.
See More
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- Innovation Exemption Coming: SEC Chair Paul Atkins is expected to introduce an 'innovation exemption' that would allow crypto companies to trade tokenized stocks in the U.S., potentially leading to significant changes in the equity markets.
- 24/7 Trading Benefits: Proponents argue that blockchain-based tokenized stocks would enable 24/7 trading with instant settlement, thereby boosting liquidity and reducing transaction costs, which could attract more investors to the market.
- Market Risk Warnings: Despite the promising outlook for tokenized stock trading, some regulatory experts and traditional Wall Street firms caution that it could introduce new risks, depending on how the exemption is drafted.
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See More
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- Market Reaction Steady: Although Coinbase's stock fell by 1% during pre-market trading, retail sentiment remained neutral, indicating a moderate acceptance of its new products, with discussion levels staying at normal rates.
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See More
