The US just got its first regulated Bitcoin perpetual futures contract. And it launched with zero trading fees. Kalshi's BTCPERP went live June 3, one week after the CFTC gave the green light. Key details: · Tracks BTC spot price via the CF Benchmarks Real Time Index (KPMG-audited), no expiration · Each contract represents 1/10,000 BTC · Funding rate adjusts every 8 hours, cash-settled, 24/7 trading · Zero fees for now (limited time) Analysts are calling this the biggest expansion of US institutional access to crypto derivatives since the spot BTC ETF approvals in January 2024. Traditional US exchange stocks dropped on the news as disruption fears set in. Offshore perp markets did $92.9T in volume last year. US traders had no domestic, regulated option until now. The CFTC is betting that bringing perps onshore beats watching capital keep flowing offshore indefinitely. Does "CFTC-regulated" actually change where you trade, or does it not matter to you? #KalshiBTCPerps