Coinbase Seeks CFTC Approval for Stock Perpetual Contracts
Coinbase has applied to the CFTC to list single-stock perpetual contracts for popular US stocks like Apple, Tesla, and NVIDIA, aiming to fill a gap in leveraged trading for individual stocks. The application is currently pending approval.
The proposed contracts would track price movements without conferring shareholder rights or dividend income. If approved, Coinbase plans to launch around 50-60 such contracts later this year, with the initial underlying assets including Apple (AAPL.US), Tesla (TSLA.US), NVIDIA (NVDA.US), and Microsoft (MSFT.US).
This move marks a significant expansion in Coinbase's domestic derivatives business, building on its existing offerings of regulated cryptocurrency perpetual contracts. The company had already launched these services for eligible non-US investors in March.