Perpetual copper futures could be Kalshi’s next launch, giving traders a new route into the metal as artificial intelligence expansion drives demand. The firm has not yet filed with regulators, days after asking the CFTC to clear similar contracts for gold, silver and platinum.
Kalshi Inc. is considering perpetual copper futures, a contract that would give investors a new way to trade the metal as artificial intelligence expansion increases demand. The step would follow the company’s effort to widen precious-metals trading with a futures contract that does not expire.
Chief Risk Officer Udesh Jha told Bloomberg News that copper’s case rests on technology demand alongside the metal’s natural uses over the years: “Copper has a very strong story correlated with what’s happening in the AI”. He also named palladium among the next offerings the firm is weighing after its precious-metals contracts.
The company has not yet submitted a regulatory filing for the copper instruments. Earlier this week it asked the Commodity Futures Trading Commission to let its perpetual contracts expand beyond crypto into gold, silver and platinum.
Perpetual futures are derivatives with no expiration date. They usually trade on margin, letting investors take leveraged positions. First popularized in crypto markets, they drew wider interest during the Iran war, when they became one of the few ways for retail traders to reach oil prices around the clock while traditional exchanges were closed.
Source: Investing.com
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