BNB Hits Seven-Month High as Kalshi Launches US Perpetual Futures and Chain Grows
BNB rose to $770, a seven-month high, after Kalshi introduced regulated perpetual futures and the BNB Chain saw growth.
Why it matters
Kalshi's introduction of regulated BNB perpetual futures may increase US traders' exposure to the token, while chain growth indicates ecosystem expansion.
Key facts
BNB surged over 6% in the past 24 hours
6 %Reported by CryptoPotato
BNB traded at $725 yesterday
725 USDReported by CryptoPotato
BNB retraced to $710 after the strong US jobs report
710 USDReported by CryptoPotato
BNB surged to $770, reaching its first seven-month high since early February
770 USDReported by CryptoPotato
Kalshi added support for other altcoins such as ADA, AAVE, WLD, and VVV
Reported by CryptoPotato
Kalshi supports BNB Smart Chain integrations for managing deposits and withdrawals on international accounts
Reported by CryptoPotato
What happened
BNB token climbed over 6% to $770, its highest since early February, according to CryptoPotato. The rally occurred despite a broader market downturn following a strong US jobs report. CryptoPotato attributed the rise to Kalshi's launch of regulated perpetual futures for BNB in the US and growth in the BNB Chain ecosystem. The report noted that Kalshi also supports other altcoins and BSC integrations. No other sources were available to corroborate the details.
How the story developed
- First report
First report by CryptoPotato
BNB Hits 7-Month High After Major Kalshi Move and Explosive Chain Growth
- Update
Kalshi launches BNB perpetual futures in US
Kalshi introduced regulated perpetual futures for BNB, capped at 4.5x leverage for US traders
- Update
BNB price surges to $770
BNB reached $770, a seven-month high, after finding support at $710
Affected entities
Also mentioned: Solana, Cardano, Robinhood, South Korea, Aave
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoPotato Crypto media | BNB Hits 7-Month High After Major Kalshi Move and Explosive Chain Growth | Original |
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