Coinbase seeks SEC greenlight to list 24/7 equity perpetuals
Coinbase, the largest U.S. based crypto exchange, is seeking to list 24/7 equity products as perpetual gain momentum.
Coinbase, the largest U.S.-based cryptocurrency exchange, has submitted a request to the Securities and Exchange Commission seeking regulatory approval to list equity perpetual contracts available for trading around the clock, seven days a week. The filing marks a significant step in Coinbase's effort to bridge traditional financial instruments with the continuous trading infrastructure characteristic of crypto markets.
The move comes as perpetual contracts — derivative instruments with no expiration date — have grown increasingly popular within cryptocurrency markets, where they represent a substantial portion of overall trading volume. Unlike traditional equity derivatives traded on regulated exchanges during standard market hours, perpetual contracts allow traders to maintain leveraged positions indefinitely, with funding rates periodically adjusting to keep prices aligned with underlying assets.
If approved, the product would allow retail and institutional investors to gain leveraged exposure to publicly traded equities without the constraints of conventional market hours. This development reflects a broader industry trend of crypto-native firms seeking to expand into regulated financial products, as well as growing regulatory appetite under the current SEC leadership to evaluate novel financial instruments more openly.
Observers will be watching closely for the SEC's response timeline and any conditions attached to a potential approval. The outcome could set a precedent for how regulators approach hybrid crypto-traditional finance products and may prompt competing exchanges to pursue similar filings.
Source: The Block
