Coinbase and Kalshi are launching perpetual crypto futures for U.S. investors on domestic, regulated exchanges. The Commodity Futures Trading Commission (CFTC) approved the move to bring these derivatives into the U.S. regulatory framework.
Perpetual futures allow traders to speculate on cryptocurrency prices indefinitely without an expiration date or asset ownership. Kalshi will list a Bitcoin-linked perpetual contract under this approval.
Coinbase Financial Markets received a no-action letter to offer digital commodity derivatives. This development offers U.S. investors a regulated alternative to offshore trading venues.