Kalshi, Coinbase and Payward race for US stock perpetual

📌 Kalshi, Coinbase and Payward race for US stock perpetual futures approval – Wall Street’s newest turf war isn’t about who can offer the lowest fees or the flashiest app. It’s about who gets there first with US stock perpetual futures — a crypto-native derivatives product that’s now racing toward traditional equities. Kalshi filed with regulators on Friday to offer

Kalshi filed with regulators on Friday to offer US stock perpetual futures, joining Coinbase and Payward in a sprint to bring crypto-native perpetual contracts to U.S. equities. The contest is less about fees or UX and more about securing first-mover approval as regulators scrutinize market structure, surveillance and investor protections. Coinbase