Coinbase Pursues U.S. Entry for Stock Perpetuals
- On September 1, Coinbase Derivatives filed Form 1-N and Coinbase Financial Markets filed Form BD-N with the SEC.
- Coinbase’s stock rose by 10% to $192.70 following the announcement, pending CFTC product approval.
- The company has offered 10x leverage perpetual futures on Apple, Nvidia, and Tesla to non-U.S. users since March.
- The filings aim to establish a regulated pathway for U.S. investors to access equity perps.
Coinbase’s recent filings with the SEC represent a significant step toward offering equity perpetual futures in the U.S., a product already available internationally since March this year for non-U.S. customers on major stocks like Apple and Tesla.
Pending CFTC approval, these filings could pave the way for U.S.-based investors to engage in leveraged trading of individual equities through Coinbase’s platform, mirroring its international offerings.Source
