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 filed with U.S. regulators to offer single-stock perpetual futures contracts on individual equities, marking a significant expansion beyond its core cryptocurrency business. The proposed contracts would allow traders to gain leveraged exposure to individual U.S. stocks through a perpetual futures structure, with trading available 24 hours a day, five days a week. The filing is currently awaiting regulatory approval before any products can be launched.
Perpetual futures, long a staple of cryptocurrency derivatives markets, differ from traditional futures contracts in that they have no expiration date. While widely used across major crypto exchanges globally, these instruments remain relatively uncommon in U.S. equity markets, where trading hours and product structures are more tightly regulated. Coinbase's move would represent one of the first attempts to bring this format to American stock traders in a regulated capacity.
If approved, the offering could reshape how retail and institutional participants access equity exposure, particularly outside standard market hours. The extended trading window and leveraged nature of perpetual futures may attract traders seeking more flexibility than traditional brokerage products currently provide. It could also position Coinbase as a direct competitor to both traditional derivatives exchanges and emerging fintech platforms offering after-hours equity products.
Regulatory approval from the relevant U.S. authorities remains the critical next step, and the timeline for a decision has not been publicly confirmed. Market participants will be watching closely to see whether regulators are receptive to this hybrid model bridging crypto-native financial instruments with traditional equity markets.
Source: Cointelegraph
