John Wang: Kalshi is not a cryptocurrency company

John Wang, the head of Kalshi's cryptocurrency business, stated in an article on X platform that Kalshi is the first regulated platform in the United States that can legally provide cryptocurrency perpetual contract trading. The predicted market trading volume related to cryptocurrency accounts for about 70% of the platform's total trading volume, making it the second largest business category. Kalshi is still the liquidity layer for Coinbase and Phantom front-end, only accepting international deposits of cryptocurrencies. He joked, "That's right, Kalshi is not a cryptocurrency company