Coinbase Seeks SEC Approval for Stock Perpetual Contracts
Coinbase has taken a significant step in expanding its offerings beyond cryptocurrency by filing with the SEC to register a derivatives exchange and broker.
The goal is to offer perpetual contracts tied to individual U.S. stocks, allowing traders to bet on equities with leverage 24/7, even when traditional markets are closed.
Coinbase's plans aim to bring the crypto-style trading model to traditional markets, marking a significant milestone in the adoption of crypto derivatives products in the U.S.