Plus500 Starts Offering Kalshi’s Never-Expiring Futures in the US
By Damian Chmiel
AI summary of the source article
Plus500 has started offering Kalshi's perpetual futures through its US brokerage, becoming the first outside futures commission merchant to do so. It clears the trades directly through Kalshi Klear for institutional clients and partner brokers.
Why it matters
Plus500 Chief Executive David Zruia said the product's "arrival on a fully regulated US exchange is a significant boost for the whole industry."
Key facts
- Plus500 is the first external futures commission merchant to offer and clear Kalshi's perpetual futures in the US.
- Kalshi's perpetual contracts generated over $5.5 billion in volume in their first two weeks following CFTC approval in May.
- CME is challenging the CFTC's approval of Kalshi's bitcoin perpetual contract in federal court, arguing it is a swap.
Source excerpt · Finance Magnates
Plus500 started offering Kalshi's perpetual futures through its US brokerage today (Wednesday). It said it is the first futures commission merchant (FCM) to do so apart from Kalshi Prime, the exchange's own brokerage. Perpetual futures, or perps, never expire, so traders can hold a position without rolling it into a new contract. Plus500 executes, routes and clears the trades on its own systems, a…