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The post Kalshi Faces Questions Over Reported Crypto Trading Volumes appeared first on Coinpedia Fintech News. An ex-quant trader named Beni raised doubts regarding the crypto trading volumes reported by Kalshi, pointing to approximately $539 million in 24-hour ETH-PERP volume paired with only about $3.1 million in open interest. In response, Kalshi’s crypto lead, IcoBeast, argued that Beni had mistaken prediction markets for perpetual futures and emphasized that no rebates are provided for crypto prediction markets. IcoBeast additionally defended the platform’s market-making operations. Source: https://coinpedia.org/crypto-live-news/kalshi-faces-questions-over-reported-crypto-trading-volumes/
Short FAQs
- Who questioned Kalshi’s trading volumes? A former quant trader named Beni questioned the reported numbers.
- What specific figures were cited in the inquiry? Beni noted approximately $539 million in 24-hour ETH-PERP volume compared to about $3.1 million in open interest.
- How did Kalshi respond? Kalshi’s crypto lead, IcoBeast, stated that Beni confused prediction markets with perpetual futures.
- Did Kalshi address platform incentives? Yes, IcoBeast pointed out that rebates are not offered for crypto prediction markets and defended the platform’s market-making.