Coinbase Seeks Approval for Single-Stock Perpetual Futures in US Markets

Coinbase has filed with the US Commodity Futures Trading Commission (CFTC) to offer 24/5 single-stock perpetual futures for around 50-60 U.S. equities, including Apple, Microsoft, Tesla, and Nvidia.

The proposed products would allow traders on Coinbase's CEX to gain perpetual, no-expiry exposure without owning the underlying shares, providing 24/5 access to stocks.

This move extends Coinbase's crypto perpetual derivatives model into regulated security futures, which could drive product adoption and revenue diversification for the firm, pending regulatory approval and compliance risk.