Kalshi Adds Solana Perps — And Dogecoin, Shiba Inu Are Next in Line

TLDR

• Kalshi, a CFTC-regulated platform, has launched Solana perpetual futures trading in the U.S.
• The launch follows earlier rollouts of Bitcoin, Ethereum, and XRP perpetual contracts.
• Kalshi is offering zero trading fees for a limited time to attract users.
• Contracts for Dogecoin, Shiba Inu, Stellar, and Hedera are filed and awaiting regulatory approval.
• Perpetual futures have no expiration date, allowing traders to hold positions without rolling contracts.

Kalshi has added Solana perpetual futures to its platform, marking another step in the company’s push to bring regulated crypto derivatives to U.S. traders.

What Are Perpetual Futures?

Perpetual futures work like traditional futures contracts, but with one key difference: they have no expiration date. This means traders can hold a position as long as they want without needing to roll it over into a new contract.

To keep the contract price close to the spot market, perpetuals use a funding rate system. This mechanism regularly transfers small payments between traders on opposite sides of a trade.

These products have long been popular on offshore exchanges outside the U.S. Kalshi is now one of the few regulated platforms offering them to American traders.

Solana Joins Bitcoin, Ethereum, and XRP

Kalshi launched its first perpetual futures product with Bitcoin. Ethereum came next, followed by XRP. Solana is now the fourth cryptocurrency added to the lineup.

The company had already filed applications with the CFTC for several other tokens, including Dogecoin, Shiba Inu, Stellar, and Hedera. Those are still going through the regulatory review process.

Kalshi has said those contracts will be added in the coming days once approved. The platform has also filed for Hyperliquid-based perpetual contracts, though approval has not yet been granted.

The rollout order reflects a deliberate strategy. Kalshi started with assets that have deeper liquidity and wider institutional interest before moving toward meme coins like Dogecoin and Shiba Inu.

Why This Matters for U.S. Crypto Traders

Until recently, U.S. traders had few options for accessing leveraged crypto positions through a regulated exchange. Offshore platforms offer perpetuals on dozens of tokens, but those products are not available to American users under most circumstances.

Kalshi’s regulated status changes that. All of its perpetual futures contracts are supervised by the CFTC, giving U.S. traders a compliant option for altcoin exposure beyond simply holding spot positions.

Solana’s inclusion is also timely. The network has seen growing interest from institutional investors, with the total value of real-world assets tokenized on Solana reaching $2.7 billion recently.

Adding perpetual futures for Solana on a regulated U.S. platform could bring more trading volume to the asset and improve overall market liquidity.

When Dogecoin and Shiba Inu contracts eventually receive approval, it would give U.S. traders regulated access to meme coin derivatives for the first time.

The pace of new listings will depend on how quickly the CFTC processes each application. Kalshi has not given a specific timeline beyond saying additional contracts are expected soon.

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