Coinbase Seeks CFTC Approval for US Stock Perpetual Futures

Coinbase Derivatives has filed with the Commodity Futures Trading Commission (CFTC) to approve perpetual futures on individual U.S. stocks, which would include Apple and Tesla contracts.

The filing used an Apple contract as its model, which is cash-settled, has no fixed expiration, and would trade from Sunday to Friday.

This is significant because perpetual futures have never traded on a regulated U.S. venue, pushing American traders offshore.

Coinbase Derivatives filed SEC notice registrations on September 1, making the CFTC request the second half of a two-regulator process.