Coinbase Seeks SEC Approval for Leveraged Stock Bets

Coinbase Global Inc. has taken a significant step towards allowing US investors to make leveraged, round-the-clock bets on stocks without owning them.

This move is part of a broader effort to bring the crypto trading playbook onshore, as digital-asset venues expand beyond cryptocurrencies themselves.

Kalshi Inc., a competitor, has already secured CFTC approval for Bitcoin perpetual futures and is seeking similar contracts tied to equity indexes and other traditional markets.

Coinbase's push aims to give US retail traders regulated access to stock-linked contracts that have contributed to the success of offshore venues like Hyperliquid during the latest speculative trading boom.