Kalshi Joins Coinbase Push for Stock Perpetual Futures

Kalshi has filed to offer perpetual futures tied to individual US stocks with the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), joining Coinbase in a push to bring crypto-style derivatives to traditional equity markets.

The proposed contracts would have no preset expiration date, using periodic funding payments between long and short positions to keep their prices aligned with the underlying stocks.

Kalshi said the contracts would be treated as security futures products and cleared through its CFTC-registered clearinghouse, Kalshi Klear.

This move comes on the same day Coinbase submitted a separate proposal to offer perpetual futures tied to individual US stocks, both companies looking to bring a derivatives product popular in crypto markets to traditional equities.

Kalshi already offers perpetual futures tied to cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP), after receiving CFTC approval for its Bitcoin perpetual contract in May.