Coinbase Seeks Approval for Single-Stock Perpetual Futures in the U.S.
- Coinbase has filed with the Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures through Coinbase Derivatives.
- The filing aims to introduce approximately 50 to 60 contracts, including those for Apple, Microsoft, Tesla, and Nvidia.
- These perpetual futures offer leveraged exposure without owning the underlying stocks and carry no expiration date.
- Coinbase’s move is part of a broader initiative to expand its onshore derivatives offerings in the U.S.
Coinbase’s filing with the CFTC marks a significant step towards bringing DeFi instruments like single-stock perpetual futures into the U.S. stock market. These contracts will provide traders with continuous price exposure to individual equities without holding actual shares.
If approved, Coinbase plans to launch these contracts later this year, expanding its derivatives business further in the U.S., where such products have been limited until now. (Source)
