How Kalshi Brought Perpetual Futures to America

Description

Offshore perpetual futures generated over $90 trillion in trading volume in 2025, all of it running through venues US traders had no regulated access to — until Kalshi launched its CFTC-approved Bitcoin and Ethereum contracts last month, clearing $5.5 billion in two weeks. John Wang, Head of Crypto at Kalshi, sits down with Laura Shin to map how the approval unfolded, why CME Group's CEO publicly called the products "a disaster waiting to happen," and what the futures-vs-swaps classification fight means for leverage limits, retail access, and who gets to build America's crypto derivatives infrastructure. _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!