CFTC Reviews Unusual $5B Trading Pattern on Kalshi ETH Perpetuals
- —About 1 million trades since August clustered at the $5,500 order size, topping $5B in volume
- —More than a third of recent trades hit the same order size
- —Kalshi says hundreds of traders took part and self-trading is mechanically blocked
- —WSJ identified Jump Trading and Wintermute among firms in the rapid trades
Why it matters: A CFTC review could escalate into a formal enforcement probe, weighing on Kalshi as it expands into perpetuals and tokenized US equities.
Source: CryptoPotato