Coinbase Seeks Regulatory OK for US Stock Perpetual Futures

Coinbase has filed notice registrations for its derivatives exchange and brokerage operations in the US, aiming to bring single-stock perpetual contracts to American customers.

The company's shares jumped 10.14% to $192.70 as a result of the announcement, following two submissions to the Securities and Exchange Commission dated September 1.

Coinbase Derivatives filed Form 1-N for exchanges seeking to list security futures products, while Coinbase Financial Markets submitted Form BD-N for its role as a limited-purpose security futures broker-dealer.

Faryar Shirzad, Chief Policy Officer at Coinbase, stated that the filings represent the first regulatory step towards bringing equity perpetuals onshore and that product approval from the CFTC would come next.