TLDR
- Calci is preparing to launch cryptocurrency futures as it expands beyond event contracts.
- The planned product will move Calchi into the mainstream of cryptocurrency trading.
- Calci recently introduced a commodities hub covering energy, metals and agriculture markets.
- The company’s monthly trading volume rose to $10 billion in February, up more than 20-fold year-over-year.
- The funding round in March valued Calci at about $22 billion, double its valuation in December.
Calci is preparing to introduce cryptocurrency futures as it expands beyond event contracts into digital asset derivatives. This move will put the prediction market platform in direct competition with it Binance And excessive fluid. The planned launch follows rapid growth in trading activity, revenue and valuation.
Kalshi expands beyond decades of events
Calci is preparing to launch cryptocurrency futures, according to The Information. The product will take the company into the largest segment of cryptocurrency trading. Perpetual futures contracts It accounts for most of the volume of digital asset derivatives.
The company has recently expanded with a new commodity center. Added markets across energy, metals and agriculture. The expansion supports its goal of becoming an “everything exchange,” Kalci said.
The size of Kalshi has increased sharply over the past year. Barron’s reported that monthly trading volume rose more than 20-fold year over year to reach $10 billion in February. The increase reflects increased user activity and broader product reach.
The Wall Street Journal reported that Calci received a $22 billion valuation in March. The figure doubled from $11 billion in December. The report also said the company targeted about $1 billion in new capital.
The same report stated that Calci reached an annual revenue run rate of about $1.5 billion. This figure highlights strong income growth in recent months. However, the company has not publicly disclosed more financial details.
Perpetual futures are dominated by Binance and Hyperliquid
Binance remains the largest centralized derivatives exchange by volume. The exchange recorded approximately $4.90 trillion in derivatives trading volume in the first quarter of 2026. This total represents approximately 34.9% of the 10 largest markets.
CoinGecko data shows that Binance futures recorded around $45.9 billion in 24-hour trading volume. The platform also has about $24.2 billion in open interest. These numbers confirm Binance’s progress in the field of centralized cryptocurrency penetration.
Excess fluid It leads the decentralized derivatives market segment. The Dune Analytics dashboard shows that the platform accounts for about 30% of onchain derivatives trading. Hyperliquid has become the standard for decentralized perpetual futures.
Kalshi’s planned cryptocurrency launch will shift its focus from event contracts to liquid digital asset products. The new offering would position the company alongside existing derivatives venues. The company did not announce a specific launch date.
The planned expansion is in line with Kalshi’s recent product diversification strategy. This comes after the launch of new markets linked to basic commodities and the modernization of infrastructure. The company has not yet published detailed specifications for its proposed perpetual futures contracts.
