Coinbase Seeks Approval for Single-Stock Perpetual Futures in US
Coinbase stock surged 12% to $194.25 on Friday as the exchange filed plans to list single-stock perpetual futures in the US.
The proposed contracts, which are expected to cover around 50-60 stocks including Apple and Tesla, would offer 24/5 trading without fixed expiration dates.
Coinbase already offers these contracts internationally but has been waiting for regulatory approval to bring them to US traders. The company filed the application with the Commodity Futures Trading Commission on September 18.