Coinbase files to bring stock perpetual futures to US — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Coinbase plans to initially offer perpetual futures tied to roughly 50-60 US stocks, including Apple, Microsoft, Tesla, and Nvidia, according to the Wall Street Journal.
- The CFTC filing follows a Sept. 1 Form 1-N submission by Coinbase Derivatives to the SEC seeking registration as a national securities exchange for security futures.
- Coinbase already offers stock perpetual futures to eligible traders outside the United States, having launched the product in March with contracts tracking major US stocks and indexes.
- The company stated at launch that the international products were unavailable to US persons but that it was working to expand the offering to additional regions.
- Coinbase has pursued a dual-track US regulatory strategy, filing separately with both the CFTC for perpetual futures and the SEC for security-futures exchange registration.
Why it matters: If approved, US retail traders would gain direct access to single-stock perpetual futures — a leveraged derivatives product previously available only through Coinbase's international platform since March. The dual-track approach (CFTC filing plus the Sept. 1 SEC Form 1-N for Coinbase Derivatives) signals Coinbase is building regulatory cover on both the commodities and securities sides before opening the offering to US persons.
Ask SkimNews
