- Kalshi introduced LINKPERP, the first U.S. regulated perpetual futures contract tied to Chainlink’s LINK token.
- The cash-settled contract has no expiration date and uses funding payments to track LINK market prices.
- Chainlink’s oracle network supports institutional blockchain activity, facilitating over $30 trillion in transaction value.
Kalshi has launched LINKPERP, a perpetual futures contract tied to Chainlink’s LINK token, becoming the first U.S. company to offer a CFTC-regulated LINK perpetual product. The launch gives U.S. traders access to a cash-settled perpetual contract with no expiration date, while expanding Kalshi’s derivatives offerings beyond its event markets. The company announced the product as Chainlink continues to serve institutions through its blockchain oracle network.
Contract Brings LINK Perpetual Trading Onshore
According to Kalshi, LINKPERP tracks the price of Chainlink’s LINK token through a perpetual futures structure. Each contract represents 10,000 LINK and is quoted in U.S. dollars per token.
Unlike traditional futures contracts, LINKPERP does not expire. Instead, funding payments help keep contract prices aligned with the underlying market.
The launch marks Kalshi’s largest product expansion since introducing event contracts in 2021. As a result, U.S. institutions can now access a regulated perpetual futures product linked to LINK.
While discussing the launch, Kalshi Chief Executive Officer Tarek Mansour described perpetual futures as an important financial instrument. He also said the new offering reflects the company’s expansion into the derivatives market.
Perpetual Futures Market Sees Rapid Growth
According to Kalshi, offshore perpetual futures volume increased from $28 trillion to more than $90 trillion annually between 2023 and 2025.
Perpetual contracts remain popular because they track asset prices continuously. Additionally, traders use them for market exposure without fixed expiration dates.
Kalshi said the regulated structure offers an onshore alternative for U.S. market participants. The company also noted that institutions have had limited access to similar products under domestic regulatory oversight.
Chainlink Network Supports Institutional Activity
LINK serves as the native token of Chainlink, a blockchain oracle network. According to the company, the platform has enabled more than $30 trillion in transaction value across over 70 blockchains.
Organizations use LINK to pay for oracle services across the network. Network operators also use the token to support security functions and earn rewards.
Meanwhile, the Chainlink Reserve holds more than 4 million LINK. The reserve operates alongside Payment Abstraction, a system that converts various assets into LINK for service payments.
