Coinbase Seeks SEC Approval for Leveraged Stock Bets

Coinbase Global Inc. has filed with the SEC to bring leveraged stock bets to US investors, aiming to replicate a popular crypto trading strategy onshore.

The move is part of a broader effort to bring traditional crypto trading tools to the US market, following similar moves by companies like Kalshi Inc., which won CFTC approval for Bitcoin perpetual futures and is now seeking approval for contracts tied to equity indexes and other markets.

Coinbase's push could potentially give US retail traders regulated access to stock-linked contracts that have contributed to the success of offshore venues such as Hyperliquid, a key player in the latest speculative trading boom.