Coinbase Seeks Approval for Stock-Linked Perpetual Contracts in the US

Coinbase has filed a notice of registration with the SEC to pursue regulated equity perpetual contracts for U.S. traders.

The exchange wants equity perpetuals classified as security futures, using existing SEC and CFTC rules rather than creating a new framework.

According to Coinbase's Chief Policy Officer Faryar Shirzad, the company has already started the registration process with the SEC and would need approval from the Commodity Futures Trading Commission before it could offer the products to U.S. customers.

Coinbase has proposed that CFTC-registered contract markets could list equity perpetuals after completing notice registration with the SEC, while national securities exchanges could follow the reverse process by registering with the CFTC.