According to a report from Crypto World, Kalshi’s head of crypto business, John Wang, posted on the X platform saying that cryptocurrencies account for 70% of the trading volume in the platform’s prediction markets, making them the second-largest business category. He said that Kalshi is the first regulated platform in the United States that can legally offer crypto perpetual contract trading, and it also serves as the liquidity layer for the Coinbase and Phantom front ends, accepting only cryptocurrencies for international deposits. With a joking tone, John Wang emphasized: “That’s right—Kalshi isn’t a cryptocurrency company.”