Key facts
- Coinbase filed with the CFTC to list single-stock perpetual futures in the US.
- The proposed contracts would offer 24/5 exposure to individual US stocks.
- Perpetual futures do not have fixed expiration dates.
- Coinbase plans to offer contracts tied to approximately 50 to 60 stocks.
- The offering is subject to regulatory approval.
Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures in the United States, aiming to extend a derivatives product popular in crypto markets to individual US equities. The filing, submitted Friday through Coinbase Derivatives, seeks regulatory approval for contracts that would provide US traders with 24/5 exposure to individual stocks without requiring ownership of the underlying shares. Perpetual futures, unlike traditional contracts, do not have fixed expiration dates and can be held as long as margin requirements are met. Coinbase stated that these products would build upon its existing US perpetual futures market for cryptocurrencies, extending the structure to equities. The company plans to initially offer contracts tied to approximately 50 to 60 stocks, including major companies like Apple, Microsoft, Tesla, and Nvidia. Coinbase already offers stock perpetual futures to eligible international traders, including 24/5 trading in nearly 4,000 US stocks for UK customers.