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.
This move adds another regulated derivatives product to Coinbase's US lineup, as regulators continue sorting out how perpetual contracts should be classified under American law.
Coinbase plans to work with both the SEC and the CFTC to bring more major financial products onshore. The company filed two notices: a Form 1-N from Coinbase Derivatives, LLC, and 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.
The filing does not guarantee that single-stock perpetual futures will launch 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.