Coinbase Targets US Expansion of Single-Stock Perpetual Contracts

Coinbase is expanding its derivatives offering in the U.S. by seeking to introduce single-stock perpetual contracts, according to filings with the SEC and engagement with regulators.

The move comes as U.S. crypto firms increasingly seek to expand regulated derivatives and trading products domestically.

Single-stock perpetuals are a type of financial product that combines digital-asset infrastructure with exposure to traditional securities, raising questions about securities regulation, derivatives oversight, investor protections, and the legal structure through which contracts are offered.

Coinbase has previously built a significant derivatives business, while U.S. regulators have continued to develop frameworks governing digital assets and related financial instruments.

The company's discussions with the SEC and CFTC are intended to support the introduction of additional financial products in the U.S., signaling a broader effort to expand its regulated product portfolio rather than focusing solely on cryptocurrency-linked markets.