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Kalshi denies wash trading allegations tied to nearly $5B ether perp trades
Kalshi said the activity reflects its liquidity incentive programs and that it has not received a CFTC outreach regarding the alleged behavior.
Kalshi said the U.S. Commodity Futures Trading Commission has not contacted it regarding alleged unusual trading activity tied to nearly $5 billion in similarly sized Ether perpetual trades, according to Cointelegraph.
The platform rejected claims that the trades were wash trading, saying the volume reflected participation connected to its liquidity incentive programs.
Kalshi characterized the trades as a liquidity-related outcome rather than market manipulation, and said nearly $5 billion in those similarly sized Ether perpetual transactions were part of those incentives.