Kalshi is pushing back against claims that repeated $5,500 trades in its ether perpetual futures market indicate wash trading.
Kalshi Defends $5,500 Ether Perp Trades as Wash Trading Claims Mount
Kalshi is pushing back against claims that repeated $5,500 trades in its ether perpetual futures market indicate wash trading.
CryptoRank
Publisher
Sep 23, 2026 at 12:11 AM UTC · 1 min de leitura
Key Signal
~$539M ETH perpetual volume
Market Impact
ETH-3.48%$2,658
Last Updated
há 17 horas
The exchange said the activity is linked to its market-making programs, which reward liquidity providers for placing orders rather than generating volume. Similar-sized trades can occur when users take fixed orders during price moves.
Analyst Beni questioned the explanation, saying identical trades represented a large share of activity. His analysis put ETH perpetual volume at about $539 million, compared with $3.1 million in open interest.
Read The Full Article Kalshi Defends $5,500 Ether Perp Trades as Wash Trading Claims Mount On Coin Edition.
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Originally reported by CryptoRank
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Market Context
Ethereum
ETH
$2,658
-3.48% (24H)
Market Cap
$325.0B
Circulating Supply
122.1M ETH
24H Volume
$19.2B
24H High
$2,788
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