Coinbase Files for US Stock Perpetual Futures — SkimNews
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- Coinbase filed with the CFTC to launch single-stock perpetual futures in the US market, per the Wall Street Journal.
- The initial offering would cover approximately 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 security futures, the earlier regulatory step behind the new filing.
- Coinbase already offers stock perpetual futures outside the US, having launched the product in March with contracts tracking major US stocks and indexes including Apple and Nvidia.
- At the March 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: Coinbase is methodically stacking regulatory approvals — an SEC exchange registration on September 1 and now a CFTC filing — to bring a product already live internationally to US retail traders, starting with roughly 50-60 single-name contracts. If greenlit, US traders would get leveraged derivatives exposure to individual names like Apple, Microsoft, Tesla, and Nvidia without holding the underlying shares.
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