Kalshi and Coinbase Pursue US Stock Perpetual Futures
- Kalshi filed a proposal with the SEC and CFTC to offer perpetual futures tied to individual US stocks.
- The contracts will have no preset expiration date and will use periodic funding payments to align prices with underlying stocks.
- Coinbase also submitted a similar proposal on the same day, aiming to introduce crypto-style derivatives to equities.
- Payward, parent company of Kraken, has filed to offer perpetual futures for stocks like Tesla and Apple through its Bitnomial Exchange.
- Kalshi already offers perpetual futures for cryptocurrencies including Bitcoin and Ethereum.
These filings come after the CLARITY Act failed in the Senate, highlighting ongoing regulatory challenges in the market. SEC Chair Paul Atkins stated that regulatory actions would continue regardless of legislative outcomes.
With Kalshi’s filing for stock perpetual futures alongside Coinbase’s efforts, both companies are pushing to expand trading options in traditional equity markets.(Source)
