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Coinbase seeks SEC approval for equity perpetuals

Created at 3 Sep · 9:26 PM1 source↑ Market-relevant
IN SHORT

Coinbase has filed registration documents with the U.S. Securities and Exchange Commission to offer equity perpetuals, a type of derivative contract that tracks underlying assets and does not expire. The product will require Commodity Futures Trading Commission approval next.

Who's Involved

Coinbase
crypto exchange filing for SEC approval
Faryar Shirzad
Coinbase Chief Policy Officer
U.S. Securities and Exchange Commission
regulatory body receiving the filing
Commodity Futures Trading Commission
regulatory body that must approve the product next
Kalshi
prediction markets platform also seeking approval for equity index perpetuals
Coinbase seeks SEC approval for equity perpetuals

↳ Why This Matters

This filing indicates Coinbase's intent to expand its derivatives offerings in the U.S. market, potentially attracting more sophisticated traders and increasing competition within the crypto derivatives space.

Key facts

  • Coinbase has filed registration documents with the SEC to offer equity perpetuals.
  • Perpetuals are derivative contracts that track underlying assets and do not expire.
  • The product requires Commodity Futures Trading Commission approval.
  • Coinbase previously received CFTC approval for perpetual crypto futures.

Coinbase has filed registration documents with the U.S. Securities and Exchange Commission to offer equity perpetuals, according to a social media post by the crypto exchange's chief policy officer. Perpetuals, also known as 'perps,' are derivative contracts that track underlying assets and do not expire, allowing traders to hold positions indefinitely.

Chief Policy Officer Faryar Shirzad stated that the product has proven international demand and that Coinbase is excited about a regulated pathway for U.S. investors. The offering will require approval from the Commodity Futures Trading Commission next. Earlier this year, Coinbase received CFTC approval to offer perpetual crypto futures. In a related development, Kalshi has also filed for CFTC approval to launch equity index perpetuals, increasing competition with incumbent exchanges.

Frequently asked questions

Equity perpetuals are derivative contracts that track underlying assets, such as equities, and do not have an expiration date, allowing for indefinite holding of positions.

Coinbase has filed with the U.S. Securities and Exchange Commission and will require approval from the Commodity Futures Trading Commission next.

Yes, Coinbase previously received CFTC approval to offer perpetual crypto futures.

What Happens Next

01Coinbase's equity perpetuals product will need Commodity Futures Trading Commission approval.

How It Developed

Coinbase filed registration documents with the SEC for equity perpetuals.
Chief Policy Officer Faryar Shirzad stated the product has proven international demand.
The product requires Commodity Futures Trading Commission approval next.
Coinbase previously received CFTC approval for perpetual crypto futures.

Sources

T1
Coinbase files for SEC approval to offer equity perpetualsReuters

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