Hyperliquid overtakes XRP after Kalshi rolls out HYPE futures
Hyperliquid has surpassed XRP in futures open interest following the launch of HYPE perpetual futures by Kalshi, which has seen HYPE's open interest rise to $2.48 billion and the token increase by over 10%. This launch is part of Kalshi's broader initiative to offer regulated cryptocurrency trading options in the U.S. market.
WPN Brief
- What Happened
Hyperliquid has surpassed XRP in futures open interest following the launch of HYPE perpetual futures by Kalshi, which has seen HYPE's open interest rise to $2.48 billion and the token increase by over 10%. This launch is part of Kalshi's broader initiative to offer regulated cryptocurrency trading options in the U.S. market.
- Why It Matters
The introduction of HYPE perpetual futures represents a significant milestone for Hyperliquid, enhancing its market position and attracting more traders, particularly in a competitive landscape where regulatory approvals are crucial for growth.
- The Bigger Picture
This development highlights the evolving dynamics of the cryptocurrency market, where regulatory frameworks are increasingly shaping trading opportunities. Kalshi's rapid uptake of perpetual futures trading, achieving over $1 billion in volume within a week, underscores the growing interest from institutional investors and the potential for further diversification in crypto derivatives.
Related Reports
More coverage on this story
9 reports across the wire
Kalshi targets Hyperliquid with HYPE perpetual futures filing
Kalshi has submitted a filing to the U.S. Commodity Futures Trading Commission to introduce perpetual futures linked to Hyperliquid's HYPE token, expanding its offerings in the cryptocurrency derivatives market. This move adds HYPE to a growing list of crypto assets currently under review for trading.
Kalshi debuts Ethereum perpetuals as XRP futures await review
Kalshi has launched Ethereum perpetual futures in the United States after receiving approval from the Commodity Futures Trading Commission (CFTC), while contracts for XRP and other altcoins are still under regulatory review. This move marks a significant step in expanding Kalshi's offerings in the cryptocurrency derivatives market.
XRP perpetual futures go live on Kalshi for U.S. traders
Kalshi has officially launched XRP perpetual futures for U.S. traders, providing a regulated cash-settled product that offers flexible access without a fixed expiration date. This move marks a significant expansion in the cryptocurrency derivatives market.
Hyperliquid price hits new ATH at $73.7, bullish setup points to more upside
Hyperliquid's native token, HYPE, has reached a new all-time high of $73.7, driven by significant institutional inflows, aggressive token buybacks, and losses among leveraged short sellers, marking one of the strongest rallies in the cryptocurrency market.
Kalshi’s perpetual futures trading surpasses $1B in volume within a week
Kalshi's newly launched CFTC-approved perpetual futures trading has exceeded $1 billion in volume within just one week, marking a significant achievement for regulated cryptocurrency trading in the U.S. This rapid uptake reflects growing interest in innovative trading products within the crypto market.
Hyperliquid price overtakes Solana as HYPE defies crypto market crash
Hyperliquid's HYPE token has surpassed Solana in price, reaching record highs of approximately $74, while many major cryptocurrencies have faced significant losses during the recent market downturn. This surge is attributed to strong institutional interest and a notable technical breakout in the market.
Kalshi moves beyond Bitcoin with XRP, SOL, ETH, and DOGE perps filing
Kalshi has filed to list perpetual futures for cryptocurrencies XRP, SOL, ETH, and DOGE, expanding its regulated U.S. crypto derivatives offerings beyond Bitcoin. This move signifies Kalshi's intent to diversify its product range in the rapidly evolving cryptocurrency market.
Kalshi eyes XRP, Solana and Dogecoin perps after Bitcoin approval
Kalshi has filed to certify perpetual futures for XRP, Solana, and Dogecoin following its recent approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch Bitcoin perpetual futures. This marks a significant expansion of Kalshi's offerings in the cryptocurrency derivatives market.
Hyperliquid Hits Record $67 as CFTC Cracks Open the US Perpetuals Market
Hyperliquid has reached a record price of $67 following the CFTC's approval of perpetual contracts in the U.S. market, marking a significant milestone for the decentralized exchange. This surge in value reflects growing investor confidence and interest in Hyperliquid's offerings.