Coinbase Seeks SEC Approval for Single-Stock Perpetual Futures in US Market
Coinbase has filed notice registrations with the US Securities and Exchange Commission (SEC) to offer single-stock perpetual futures domestically, expanding its existing crypto perpetual futures business in the United States.
The move comes as regulators continue to sort out how perpetual contracts should be classified under American law. Coinbase plans to work with both the SEC and the Commodity Futures Trading Commission (CFTC) to bring more major financial products onshore.
The company shared images of two filings, both submitted on September 1. The first is a Form 1-N from Coinbase Derivatives, LLC, while the second is a Form BD-N from Coinbase Financial Markets, Inc., registering as a security futures product broker-dealer under Section 15(b)(11) of the Securities Exchange Act of 1934.
Neither filing guarantees the product launches on any set timeline. Notice registrations open the door for a broker or exchange to offer a given product, while approval and any conditions attached to it still rest with regulators.