Coinbase Derivatives Launches US500 Equity Index Perp-Style Futures

Coinbase Derivatives is expanding its lineup of equity index products with the launch of US500 Equity Index Perp-Style Futures on August 17. This contract tracks the S&P 500, giving traders leveraged access to the country's most-watched equity benchmark through a crypto-native platform.

The exchange first introduced margined futures in May 2025 and has since added various products, including Mag7 + Crypto Equity Index Futures on September 22, 2025. These perpetual-style contracts have no expiration date and offer up to 20x leverage, allowing traders to control $20 worth of exposure for every $1 of margin posted.

The US500 contract rounds out Coinbase Derivatives' offering with exposure to the broadest and most liquid US equity benchmark available. Traders can hold positions indefinitely, paying or receiving periodic funding rates to keep the contract price tethered to the underlying asset.