Coinbase has filed to list more than 50 single-stock perpetual futures on its regulated U.S. exchange, covering major American companies including Nvidia, Microsoft and Tesla. The contracts would offer continuous, 24/5 exposure to individual stocks with no fixed expiration date, pending regulatory clearance.
Coinbase said on September 18 that it filed to list more than 50 single-stock perpetual futures on its regulated U.S. exchange. The planned contracts would cover some of the largest companies in the American stock market.
Filing Targets Major US Companies
Nvidia, Microsoft and Tesla are among the stocks named in the filing, which Coinbase described as the first U.S. single-stock perpetual futures product, subject to the required regulatory process. The company said the contracts would provide 24/5 exposure to individual stocks, and unlike standard futures with set expiration dates, they can remain open as long as traders meet margin requirements.
According to Coinbase: "Crypto was first, now it's time for stocks". The exchange added that the proposed products would offer around-the-clock exposure without expiration dates.
Extends Coinbase's US Derivatives Push
Perpetual futures use regular funding payments to help keep contract prices close to their underlying assets. Traders can also use leverage, which increases exposure while raising the size of possible gains or losses.
Coinbase already operates a U.S. perpetual futures market for cryptocurrency products, and the new filing would extend that model to individual equities if regulators clear the contracts for trading. The exchange has also expanded its stock offering outside the United States, rolling out 24/5 trading in nearly 4,000 U.S. stocks for eligible customers in the United Kingdom.
Filing Fits Coinbase's Broader TradFi Push
The filing comes as Coinbase builds services beyond cryptocurrency trading. The company recently secured Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market, where it plans to develop blockchain-based services for traditional financial assets.
Its proposed single-stock perpetuals would add another traditional asset class to Coinbase's derivatives business. However, the contracts still require regulatory clearance before the exchange can begin offering them to U.S. traders.
Source: CoinGape
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