Coinbase Seeks CFTC Approval for Single-Stock Perpetual Futures

Coinbase Financial Markets has submitted a filing to the Commodity Futures Trading Commission (CFTC) to list single-stock perpetual futures, initially tied to Apple, Tesla, and Nvidia.

The products are not yet available for trading and remain subject to the regulatory process.

Perpetual futures are common in crypto markets because they allow traders to maintain leveraged exposure without a fixed expiry date. Applied to single stocks, the structure would let traders take directional positions on equities without holding the underlying shares.

Coinbase said the filing fits its broader strategy of building regulated derivatives infrastructure in the U.S., and the company has already introduced stock perpetual futures for eligible customers outside the U.S.