Coinbase files to bring single-stock perpetual futures to US market
Coinbase wants to bring 24/5 perpetual futures trading to individual US stocks, with its proposed contracts now awaiting regulatory approval.
Coinbase has submitted a request to the Commodity Futures Trading Commission to offer single-stock perpetual futures contracts in the US market. The company aims to bring a 24/5 trading structure, typically used in crypto markets, to US equities. Perpetual futures contracts, unlike traditional ones, do not have an expiration date.
Currently, the proposed contracts are awaiting regulatory approval. If approved, Coinbase plans to initially offer perpetual futures for around 50 to 60 stocks, such as Apple, Microsoft, Tesla, and Nvidia. The plans for the US perpetual futures market come after Coinbase Derivatives filed a Form 1-N with the Securities and Exchange Commission on September 1 to register as a national securities exchange.
Coinbase's stock perpetual futures, which have been available outside the US since March, would offer US traders exposure to individual stocks without the need to own the underlying shares.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
