Coinbase files for US single-stock perpetual futures — SkimNews
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- Coinbase filed with the CFTC to launch single-stock perpetual futures in the US, with the Wall Street Journal reporting on Friday an initial lineup of roughly 50 to 60 stocks including Apple, Microsoft, Tesla, and Nvidia.
- Coinbase Derivatives filed a Form 1-N with the SEC on September 1 to register as a national securities exchange for offering security futures, a regulatory step that preceded the CFTC filing.
- Coinbase already offers stock perpetual futures to eligible non-US traders via a product launched in March, with contracts tracking major US stocks and indexes including Apple and Nvidia.
- At the March international launch, Coinbase said the products were unavailable to US persons but that it was working to expand the offering to additional regions.
Why it matters: US retail traders would gain direct access to leveraged single-stock perpetual futures — a product Coinbase has offered only to non-US customers since March — if the CFTC and SEC approve the dual-track filings. The Form 1-N exchange registration filed September 1 is the concrete regulatory step toward closing that geographic gap for roughly 50 to 60 stocks.
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