Kalshi files for perpetual futures tied to US stocks, joins Coinbase
Summary
Kalshi has filed for regulatory approval with the CFTC to offer perpetual futures linked to individual US stocks, a move that aligns it with Coinbase in exploring crypto-style equity derivatives. These filings aim to introduce perpetual contracts that feature funding mechanisms and do not expire, marking a significant product innovation in the US equity markets under domestic oversight.
Tokens
$TSLA
Analysis
Kalshi: Kalshi operates a CFTC-regulated prediction market and derivatives exchange focused on event contracts and perpetual futures. It recently filed with the CFTC to offer perpetual futures tied to individual US stocks, expanding its lineup beyond prior crypto and commodity products. This filing aligns Kalshi with efforts to introduce crypto-native derivative structures to equity markets. Coinbase: Coinbase runs a major cryptocurrency exchange with a growing derivatives business, including perpetual futures. It has filed with the CFTC seeking approval for single-stock and ETF perpetual futures, extending its regulated US perps offerings from crypto into equities. The platform aims to deliver 24/5 trading exposure to individual US stocks through these products. Regulatory Filing: Kalshi and Coinbase have both submitted recent filings to the CFTC for regulatory approval of perpetual futures on individual US stocks. Product Innovation: The filings seek to bring crypto-style perpetual contracts, featuring funding mechanisms and no expiration, to US equity markets under domestic oversight.
Categories
cryptomacrotechdefirippleperps
Related sources
- https://www.wsj.com/finance/commodities-futures/kalshi-launches-first-perpetual-futures-in-the-u-s-fc066443
- https://unchainedcrypto.com/kalshi-files-for-perpetual-futures-on-us-stocks-and-copper-its-first-on-equities/
- https://www.cryptotimes.io/2026/09/18/coinbase-files-to-expand-u-s-derivatives-into-single-stock-perpetuals/
- https://thedefiant.io/converge/tradfi-and-fintech/coinbase-seeks-cftc-approval-for-us-single-stock-perpetual-futures
- https://unchainedcrypto.com/coinbase-files-with-the-sec-to-list-24-7-perpetual-futures-on-individual-us-stocks/
- https://www.coindesk.com/policy/2026/05/28/u-s-cftc-opens-crypto-perp-door-with-approval-of-first-regulated-firm
- https://financefeeds.com/coinbase-files-with-cftc-to-launch-single-stock-perpetual-futures-in-us/
- https://cryptorank.io/news/feed/ca175-coinbase-stock-etf-perpetual-futures-cftc
- https://www.bloomberg.com/news/articles/2026-09-11/kalshi-moves-to-expand-into-us-stock-and-commodity-markets
- https://x.com/i/status/2101484023700664433
- https://www.reuters.com/legal/government/coinbase-kalshi-bring-regulated-perpetual-crypto-futures-us-investors-2026-05-29/