Coinbase Seeks Approval for Stock and ETF Futures in US

Coinbase has submitted an application to launch perpetual futures based on stocks and ETFs in the US.

The development, reported by Wu Blockchain, indicates that the products are not yet available for use and the application is currently under review.

A representative contract listed in the filing was Apple stock (AAPL), but this does not mean Apple will be listed; the application covers a broader group of products not limited to a single stock.

Cash settlement is planned instead of physical delivery for the contracts, which will be classified as security futures products for regulatory purposes.