Kalshi seeks approval to bring crypto-style perps to stocks and copper

Kalshi is seeking regulatory approval to introduce crypto-style perpetual contracts, or “perps,” tied to stocks and copper, according to CryptoRank. The proposal would bring a derivatives format widely associated with cryptocurrency markets to more traditional financial and commodity-linked products.

Perpetual contracts are derivatives that, unlike conventional futures, do not have a fixed expiration date. They are commonly used in crypto trading, where traders can take positions on whether an underlying asset’s price will rise or fall. Kalshi’s reported plan would apply that structure to stock-related and copper markets if regulators approve it.

The move highlights continued interest in adapting crypto-market trading formats for broader financial use. Stocks are a major component of public markets, while copper is a widely watched industrial commodity because of its role in construction, manufacturing and electrification. Any launch would depend on the outcome of Kalshi’s approval request and the applicable regulatory requirements.