- Coinbase filed with the CFTC to list single-stock perpetual futures in the U.S.
- The proposed contracts would give traders leveraged price exposure without share ownership.
- Coinbase plans roughly 50 to 60 contracts including Apple Microsoft Tesla and Nvidia.
Coinbase is seeking federal approval to bring stock perpetuals into the U.S. market through a filing made by Coinbase Derivatives. The proposal would allow American traders to gain leveraged exposure to individual stocks such as Apple, Microsoft, Tesla and Nvidia without owning the underlying shares. Coinbase said this would be its first set of U.S. single-stock perpetuals, with 24/5 access to individual equities. The filing comes as the company continues expanding its regulated derivatives business onshore and as other firms also move to bring perpetual futures products to U.S. traders.
Coinbase files for stock perpetuals in the US
The filing was submitted Friday through Coinbase Derivatives to the Commodity Futures Trading Commission. In the CFTC listing, the product appears as a single-stock future with approval still pending. Coinbase said it is seeking approval for its first group of U.S. single-stock perpetuals.
If approved, the contracts would provide 24/5 exposure to individual equities for U.S. traders. The filing is aimed at bringing a trading structure that is common in crypto markets into products linked to individual stocks.
What the stock perpetuals would offer
Perpetual futures are derivatives that follow an asset’s price and do not have an expiration date. Traders can keep positions open indefinitely as long as they continue to meet margin and funding requirements.
For these stock perpetuals, traders would get price exposure to individual stocks rather than ownership of the shares themselves. Holding one of these contracts would not provide shareholder rights, dividends or any equity ownership, according to the source.
Coinbase expands its derivatives business
The new filing adds to Coinbase’s broader push in regulated derivatives. Earlier this year, the company became the first U.S. exchange cleared to offer regulated crypto perpetual futures and later introduced contracts with leverage of up to 50x.
Coinbase already offers stock perps to eligible non-U.S. traders after launching that product in March. According to The Wall Street Journal, the company plans to launch about 50 to 60 contracts in the U.S., including Apple, Microsoft, Tesla and Nvidia, if regulators approve them, with a possible launch later this year.
Stock perpetuals join a wider onshore race
The filing arrives during a broader effort to bring perpetual futures products onshore in the United States. The source says the CFTC approved Bitcoin perpetual futures for Kalshi, which has since expanded into commodities such as copper.
The same report also notes that Polymarket has moved toward crypto perpetual futures of its own. While Coinbase’s proposed contract specifications and leverage limits were not fully detailed, the products still need regulatory clearance before trading can start.
Conclusion
Coinbase’s filing shows another step in its effort to expand regulated derivatives offerings in the United States. If approved by the CFTC, the stock perpetuals would give U.S. traders a way to access leveraged price exposure to names such as Apple, Microsoft, Tesla and Nvidia without owning the shares. The proposal also fits into a wider push to bring perpetual futures products onshore. For now, the listing remains approval pending, and key details such as final contract specifications and leverage limits have not been fully outlined in the source.
Disclaimer
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