Calshi stock perpetual futures, orders and settlements outside the blockchain
Original headline칼시 주식 무기한 선물, 주문·청산은 블록체인 밖
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Kalshi launched perpetual futures on individual U.S. equities on June 3, the first such products to trade on a CFTC-registered exchange after the agency confirmed registered designated contract markets that have also completed SEC registration for security futures may list them. The contracts carry no expiry date, letting traders take long or short exposure to a single stock's price, though Kalshi's order matching and clearing run entirely off-chain despite the product's crypto-adjacent reputation. The approval matters because it gives U.S. retail and institutional traders a regulated, perpetual-style alternative to dated equity futures and swaps, with Kalshi competing for volume against crypto-native perp venues. What to watch next is whether other CFTC-registered exchanges follow with their own equity perps, how much volume and open interest Kalshi attracts, and whether on-chain settlement is added later.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Kalshi, single-stock perpetual futures, CFTC, SEC