- Kalshi has filed applications with the Commodity Futures Trading Commission to launch two perpetual futures contracts, GOLDPERP and SILVERPERP.
- New investment products will be presented on the Kalshi derivatives exchange.
Kalshi Company filed a to the Commodity Futures Trading Commission applications for Launching two perpetual futures linked to gold and silver under the tickers GOLDPERP and SILVERPERP.
The new investment products will be available 24/7 on the Kalshi derivatives exchange and will allow traders to profit from changes in the spot price of precious metals without having to purchase the physical asset. According to the documents, the Pyth Network, which publishes market data provided by trading firms, exchanges, and financial institutions, has been selected as the price source for both products.
Both futures will be settled in US dollars, and the contracts will expire indefinitely. This structure eliminates the need to roll a position from a futures contract with an expiring date to a contract with a later expiration date. The Kalshi team believes this will help reduce costs for market participants investing in gold and silver over the long term.
Previously edited Happy Coin News reported, that Kalshi's US web traffic has grown by 1500% in less than a year.
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