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🇸🇬 Singapore /Economy & Trade

Kalshi’s monthly commodities trading volume tops $400 million, outpacing early crypto growth

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Named sources Ongoing story
  • Kalshi said monthly commodities trading volume exceeded $400 million, four times the cryptocurrency volume recorded at the same point in the platform’s growth.
  • The company attributed the expansion to strong retail participation and improved liquidity in prediction markets for oil, gas and metals.
  • Kalshi is exploring perpetual futures across asset classes and has filed for products linked to equity indexes, metals and WTI crude oil.

Kalshi says its commodities business is growing faster than its early cryptocurrency market, reaching more than $400 million in monthly trading volume seven months after launch.

The prediction-market startup said commodities volume had reached four times the level recorded for cryptocurrency at the same point. Retail trading helped drive demand for contracts linked to oil, gas and metals, the company said.

Crypto demonstrated the potential for new categories to scale from tens of millions to billions in monthly volume. Commodities' significantly faster ramp demonstrates that Kalshi's ability to launch and scale new markets is accelerating.

· KalshiThe company used the comparison to describe the rapid growth of its commodities market.

Kalshi said the performance showed an appetite for new types of contracts and encouraged it to explore additional asset classes. It also reported a revenue windfall and trading volumes well above what it had estimated from its partnership connected to the 2026 FIFA World Cup.

Liquidity is very hard to get off the ground because of how many people you need participating actively, so that every time you come to Kalshi and you want to enter into a position, you can enter it, and whenever you want to exit at that position, you can exit it.

· Tarek MansourThe Kalshi co-founder explained the importance of active participation to the company’s commodities market.

Co-founder Tarek Mansour told Reuters that the commodities business benefited from stronger liquidity on the platform. “Liquidity is very hard to get off the ground because of how many people you need participating actively,” he said, explaining that users need to be able to enter and exit positions whenever they choose.

“Now we got there because of this diverse and large participation pool, and that lets us essentially start new categories much faster,” Mansour said. Kalshi is also rapidly exploring perpetual futures across asset classes. It has filed for products tied to equity indexes, metals and WTI crude oil after regulators approved similar investment vehicles for cryptocurrency earlier in the year.

Now we got there because of this diverse and large participation pool, and that lets us essentially start new categories much faster.

· Tarek MansourMansour linked the platform’s broader user base to faster market launches.
About this summary

Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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