Kalshi, a CFTC-regulated platform, has begun accepting Bitcoin deposits, targeting increased interest from the crypto community.
New Opportunities for Traders
Kalshi has expanded its financial service offerings by adding Bitcoin deposit capabilities. Traders can now use Bitcoin alongside the USDC stablecoin for trading on the platform.
Increase in Trading Volume
The Kalshi platform reported over $143 million in trading volume specifically from markets tracking Bitcoin's price. Currently, there are around 50 crypto-related contracts available on the platform.
Competition with Other Platforms
The introduction of Bitcoin deposits positions Kalshi in a more competitive stance against Polymarket, a platform that is inaccessible to US users. Thus, Kalshi maintains a regulatory edge that blends crypto, finance, and political speculation.
Kalshi demonstrates its ambition in the prediction market, providing traders with new opportunities and tools, opening new horizons for crypto market participants.
