Coinbase Seeks Approval for US Stock Perpetual Futures

Coinbase is seeking regulatory approval to bring perpetual futures tied to individual U.S. stocks to American traders, extending a derivatives structure built in crypto into companies including Apple, Microsoft, Tesla and Nvidia.

The proposed contracts would give U.S. customers 24/5 exposure to individual equities without requiring them to own the underlying shares.

Coinbase Derivatives filed with the Commodity Futures Trading Commission on Friday for approval to list single-stock perpetual futures, and an initial lineup is expected to cover roughly 50 to 60 stocks, including some of the largest and most actively traded U.S. technology companies.

The proposed products are classified as single-stock futures and remain subject to regulatory approval. Unlike traditional futures, the contracts would not have a fixed expiration date, and traders could maintain long or short exposure while periodic funding payments help keep the perpetual contract aligned with the price of the underlying stock.