Coinbase, Kalshi and Kraken Pursue US Stock Perpetual Futures

Coinbase Derivatives, Kalshi and Kraken’s parent company, Payward, have begun regulatory processes to offer single-stock perpetual futures in the United States, according to Finance Magnates. The products would be designed as a no-expiry alternative to conventional stock futures recently launched by CME Group.

Coinbase Derivatives and Kalshi submitted applications dated September 18. Payward said it was filing the required rules and product terms through Bitnomial, its US-regulated exchange.

The moves would place three crypto-focused financial groups in a race to bring stock-based perpetual futures to US traders. Unlike conventional futures, perpetual futures do not have an expiry date, according to the description in the report. The text does not provide further details about the applications, including whether regulators have approved any of them.

Finance Magnates reported the story.

_Source: reporting by Finance Magnates. BrokerBazaar summarises published industry news and does not add findings of its own._