TLDR
- Kalshi added perpetual futures for BNB, Cardano, Worldcoin, Aave, and Venice Token on September 4
- The contracts are CFTC-regulated, USD-settled, with no expiration date
- Maximum leverage ranges from 1.9x for Venice Token to 4.5x for BNB
- Kalshi now offers Bitcoin and 17 altcoin perpetual futures in the U.S.
- CME Group’s lawsuit challenging these contracts remains active, with the CFTC moving to dismiss it
Kalshi has expanded its crypto derivatives lineup by adding perpetual futures contracts for five more digital assets. The new products went live on September 4 for eligible U.S. traders.
🚨BREAKING: BNB, Cardano, Worldcoin, AAVE and Venice Token Perps Now Live on Kalshi
US CFTC continues perpetual futures approval despite CME lawsuit.
USD-margined, no expiry, leverage varies by asset (BNB ~4.5x, VVV ~1.9x). U.S. traders can now go long/short these without… pic.twitter.com/yc38cChCQy
— Rednirav (@CryptoRednirav) September 4, 2026
The five new contracts cover BNB, Cardano, Aave, Worldcoin, and Venice Token. They join an existing lineup that includes Bitcoin, Ether, XRP, Solana, and other altcoins.
What the New Contracts Offer
All five contracts are margined and settled in U.S. dollars. Traders can take long or short positions with no fixed expiration date.
Leverage limits vary by asset. BNB allows up to 4.5x leverage, while Venice Token caps at 1.9x. Higher leverage increases the risk of liquidation if prices move against a position.
The contracts do not require traders to hold the underlying tokens. Profits and losses are based on price changes in each asset’s reference price.
Kalshi markets these products under the name “American Perpetuals.” The platform operates as a CFTC-designated contract market, and the new listings followed filings through the regulator’s public system.
The Legal Dispute With CME Group
CME Group filed a lawsuit against the CFTC after the regulator authorized Kalshi’s Bitcoin perpetual contract earlier this year. CME argues that perpetual products should be classified as swaps, not futures. That distinction matters because swaps are subject to a different regulatory framework.
The CFTC responded by filing a motion to dismiss CME’s case on September 2. The agency argued that CME lacks standing because it can offer similar products through its own regulated exchange.
“This lawsuit is much ado about nothing,” CFTC lawyers said in the filing. That is the agency’s legal position, not a court ruling.
No hearing date had been set as of publication. The court has not ruled on CME’s standing or the classification of perpetual contracts.
Prices and Pending Approvals
Several tokens in the new lineup saw price gains around the launch. BNB rose more than 5% to around $723, with trading volume up 83% in 24 hours. Cardano climbed nearly 10% to $0.222.
Worldcoin and Aave also moved higher. Those gains came during a broader crypto market recovery and were not tied solely to the Kalshi listings.
Kalshi has additional filings pending with the CFTC for Stellar, Polkadot, and Hedera. Launch dates for those contracts had not been confirmed at the time of publication.
The outcome of the CME lawsuit will have broader implications for how perpetual futures are regulated in the U.S. If the case is dismissed, CME’s current challenge ends. If it proceeds, a court could weigh in on whether these products should be treated as futures or swaps.
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