- Coinbase filed through Coinbase Derivatives for CFTC approval of single-stock perpetual futures, contracts that give US traders leveraged price exposure to individual equities without owning shares.
- The first set covers roughly 50 to 60 contracts including Apple, Microsoft, Tesla and Nvidia, with 24/5 trading and potential launch later this year if regulators sign off.
- Perpetual futures carry no expiration date, letting traders hold positions indefinitely as long as they meet margin and funding requirements.
- The filing extends Coinbase's onshore derivatives build-out; the company became the first US exchange cleared to offer regulated crypto perpetual futures earlier this year and already offers stock perps to eligible non-US traders since March.
- The race to bring perps onshore is broadening: the CFTC approved Bitcoin perpetual futures for Kalshi, which expanded into copper, while Polymarket moved toward crypto perpetual futures.
- Holding a single-stock perpetual confers no shareholder rights, dividends or ownership, only price exposure; contract specifications and leverage limits were not fully detailed.
Quotes
“Coinbase is looking to import one of crypto's most popular trading instruments into the U.S. stock market, filing to list single-stock perpetual futures with federal regulators.”
“Coinbase said it filed for its "first set" of U.S. single-stock perpetuals, aiming to offer 24/5 exposure to individual equities.”
“The filing seeks CFTC approval for contracts giving US traders 24/5 leveraged exposure to individual stocks without ownership.”
“Coinbase plans roughly 50 to 60 contracts—including Apple, Microsoft, Tesla and Nvidia—possibly launching later this year.”
“The move extends Coinbase's onshore derivatives push amid a broader race to bring perps to U.S. traders.”