Coinbase Pursues US Regulatory Approval for Single-Stock Perpetuals

Coinbase has filed notice registrations with the US Securities and Exchange Commission (SEC) to launch single-stock perpetuals in the United States. The move is seen as a significant step towards offering leveraged exposure to individual stocks, allowing traders to gain price exposure without owning the underlying shares.

The filings cover both Coinbase's derivatives exchange and brokerage business, creating a regulatory pathway involving both the SEC and Commodity Futures Trading Commission (CFTC). According to Faryar Shirzad, Coinbase's chief policy officer, this is an important step for competitiveness in digital asset markets. He notes that single-stock perpetuals have already shown strong demand internationally.

Coinbase currently offers these products abroad, with a lineup including shares of Apple, Microsoft, Alphabet, and Amazon. However, the trading dates, leverage limits, and supported stocks for the US remain undisclosed at this stage. Regulatory approval in the US would extend this format beyond digital assets alone.