Coinbase launches stock perpetual futures for ‘Magnificent 7’ names, including Apple, Tesla and Nvidia, expanding ‘everything exchange’ push
Coinbase has introduced stock perpetual futures for eligible non-U.S. users, with selected ETF products also available.
Coinbase has launched stock perpetual futures trading for the "Magnificent 7" technology stocks, including Apple, Tesla, and Nvidia, according to an announcement from the cryptocurrency exchange. The new offering is available to eligible non-U.S. users and also includes selected ETF products alongside the high-profile individual stock futures.
The move represents Coinbase's continued expansion beyond traditional cryptocurrency trading as part of its "everything exchange" strategy. The company has been diversifying its product offerings to reduce reliance on crypto-only revenue streams and attract a broader range of traders and investors to its platform.
This launch positions Coinbase to compete more directly with traditional brokerages and derivatives exchanges in the stock futures market. By offering perpetual futures on some of the world's most heavily traded technology stocks, the exchange is tapping into significant trading volumes and potentially capturing market share from established financial institutions. The focus on the Magnificent 7 stocks—which typically include Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla, and Meta—targets some of the most liquid and popular trading instruments among retail and institutional investors.
The rollout to non-U.S. users first suggests regulatory considerations may influence the product's eventual availability in American markets. Market participants will be watching for user adoption rates and whether Coinbase expands the offering to additional stock categories or geographic regions.
Source: The Block
