Coinbase Launches Perpetual Stock Futures for Non-U.S. Traders
- Coinbase has introduced perpetual stock futures for eligible non-U.S. retail and institutional traders.
- The contracts allow leveraged positions on large-cap U.S. stocks known as the Magnificent 7, including Apple and Microsoft.
- Traders can utilize up to 10-times leverage on single-stock contracts and 20-times leverage on ETF products.
- The contracts are cash-settled in USDC, a dollar-pegged stablecoin.
- Demand for around-the-clock equity exposure is rising, with most offerings on decentralized platforms like Hyperliquid.
This expansion into stock derivatives reflects Coinbase’s strategy to diversify its product offerings and cater to growing demand for equity trading options among global investors.
With the introduction of these perpetual futures, Coinbase aims to enhance its platform’s capabilities, allowing traders significant leverage on major U.S. stocks without expiry dates.(Source)
