Coinbase has filed with the Commodity Futures Trading Commission to list single-stock perpetual futures in the United States, according to a filing submitted Friday through Coinbase Derivatives.
The proposed contracts would provide US traders with 24/5 exposure to individual stocks without requiring ownership of the underlying shares. Unlike traditional futures contracts, perpetual futures do not have expiration dates.
According to reporting, Coinbase plans to initially offer perpetual futures tied to approximately 50 to 60 stocks, including Apple, Microsoft, Tesla, and Nvidia.
The filing represents an expansion of Coinbase's existing US perpetual futures market, which currently covers crypto assets. The contracts are classified by the CFTC as single-stock futures and remain pending regulatory approval.
This CFTC filing follows an earlier regulatory step by Coinbase Derivatives, which submitted a Form 1-N with the Securities and Exchange Commission on September 1 to register as a national securities exchange for offering security futures.
Coinbase already offers stock perpetual futures to eligible traders outside the United States. The company launched this product in March with contracts tracking major US stocks and indexes, including Apple and Nvidia. At that time, the products were unavailable to US persons, though the company indicated it was working to expand the offering to additional regions.
