Kalshi has filed to launch perpetual futures contracts tied to individual stocks, targeting US traders. With this move, Kalshi joins Coinbase and Bitnomial, who are both working on similar products for the American market.

What Happened

Kalshi is working to roll out a new type of derivative—perpetual futures on single stocks. The application aims to give American traders access to these contracts. Coinbase and Bitnomial are also pushing forward with comparable offerings.

What Kalshi Is Proposing

Kalshi wants to offer perpetual futures that track the price of specific stocks, designed for trading in the US. These contracts have no expiration date, letting traders build strategies around the price moves of individual equities—without actually owning the shares.

Who Else Is in the Game

Coinbase is advancing a similar product roadmap, and Bitnomial is also developing solutions in this space. The race to bring perpetual stock futures to the US is heating up, with a growing field of players looking to expand the derivatives toolkit for American traders.