Crypto Exchanges Rush to Bring Stock Perpetuals to US Traders

Coinbase and two other major crypto exchanges are racing to bring stock perpetuals to US traders. These contracts allow users to trade stocks without actually owning them, with prices fluctuating based on market conditions. The move could potentially attract more retail investors to the cryptocurrency space.

The news comes as Coinbase has been working towards expanding its offerings in the US, including a potential launch of stock options trading. Meanwhile, Kraken and Kalshi are also reportedly preparing to bring stock perpetuals to their platforms.