The U.S. market platform, Kalshi, is extending futures from encrypted assets to traditional markets. The company has submitted an application to the United States Commodity Futures Trading Commission (CFTC) for the introduction of a permanent futures contract linked to gold, silver and platinum.

Pending regulatory decision within 45 days

According to the current process, the CTC will decide whether to approve within 45 days. Unlike part of the event contract, which can be certified by the exchange itself, new products, such as futures, are often subject to stricter scrutiny.

Kalshi plans to set the precious metal contract to be traded 24 hours a day, 5 days a week, to close to the traditional precious metal market, rather than to remain open for the whole year, as most encrypted contracts do. Kalshi Chief Risk Officer Udesh Jha stated that the company was still assessing whether to extend the transaction further.

Long-term contracts extend to traditional assets

There are no maturity dates for the renewal of futures, and traders hold sustainable positions and increase their exposures through leverage. Such products have long been concentrated in the encryption market, but have recently begun to extend to traditional assets such as crude oil and gold.

It was reported that during periods of high volatility caused by geo-conflicts, some of the dispersed households had been able to trade oil prices with similar products in order to circumvent the traditional futures market break. As demand rises, competition among platforms for sustainable contracts around real assets also increases.

  • Some platforms like Hyperliquid are already on-line with gold and crude oil contracts.
  • CME is scheduled to start 1 ounce of gold futures 7x24 hours trading service on July 26th.

Precious metal trading tools continue to grow.

This application by Kalshi reflects the fact that traditional asset transactions are moving in a longer and more high-frequency way. For the platform, the permanent futures of precious metals are both new product lines and the search for an incremental market outside the secure derivative model.

The article also mentions that the gold market has been affected in the near future by interest rate expectations, ETF flows and central bank purchases. In terms of the events themselves, however, the focus is on the fact that the contract for perpetuity is gradually moving from the encrypted raw to the broader traditional asset trading landscape.