Crypto Markets
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Kalshi offers a variety of cryptocurrency price markets that allow users to trade contracts based on the price movements of a cryptocurrency, such as Bitcoin or Ethereum. Traders may speculate on the highest price or price range. All crypto market contracts are settled by averaging 60 seconds of CFB Real-Time Indexes (CFB RTIs), which reports a price once per second.
CF Benchmarks is the world’s first and leading digital asset index provider, authorized and regulated by the UK Financial Conduct Authority (FCA). Established in 2016 from the Crypto Facilities Multilateral Trading Facility, CF Benchmarks delivers reliable and robust cryptocurrency pricing benchmarks and data. Trusted by major financial institutions like the Chicago Mercantile Exchange (CME) and other industry leaders, their indices support a wide range of regulated financial products globally. You can learn more about CF Benchmarks .
CFB Real-Time Indexes (CFB RTIs) are comprehensive indices that aggregate price data for various cryptocurrencies from multiple major exchanges every second. These indexes provide a reliable measure of each cryptocurrency's spot price in U.S. dollars.
Kalshi utilizes CFB RTIs to settle all crypto contracts to comply with CFTC regulations and ensure market integrity across all supported cryptocurrencies. This ensures that the settlement price reflects a true market consensus, maintaining compliance with regulatory standards and protecting our traders by upholding the integrity of our trading platform.
It's important to understand that not all crypto price data is the same. The expiration value for each crypto contract is determined by an average based on the relevant CFB Real-Time Index (RTI) at a specific date and time. As mentioned on the market page and again in the rules, these contracts are settled by taking an average of the sixty seconds of the relevant CF Benchmarks' RTI. The RTI is an aggregated price taken every second from major exchanges. At the last minute before expiration, 60 RTI prices are collected, the official and final value is the average of these prices. This methodology ensures that CFB RTIs accurately reflect overall market sentiment and reduce the risk of price manipulation from any single exchange.
If you still need help, please contact Kalshi support . We have a small but mighty team ready to help you out with any issues or questions you might have. All of the Kalshi support team is US-based and human.