Coinbase is looking to expand its U.S. derivatives business with a new lineup of perpetual futures linked to more than 50 major American stocks, including Nvidia, Microsoft, and Tesla.<\/p>\n\n\n\n
The crypto exchange said it has submitted the proposed contracts for listing on its regulated U.S. derivatives platform. If approved, the products would allow traders to gain leveraged exposure to individual stocks without actually owning the underlying shares.<\/p>\n\n\n\n
Coinbase is also planning to make the contracts available for trading 24 hours a day, five days a week.<\/p>\n\n\n\n
However, the products are not yet available to customers and will need regulatory clearance before they can launch.<\/p>\n\n\n\n
The proposed offering would cover more than 50 U.S.-listed companies, with Nvidia, Microsoft, and Tesla among the names already disclosed.<\/p>\n\n\n\n
Unlike traditional futures contracts, these single-stock perpetuals would not have a fixed expiration date. Traders could keep their positions open as long as they continue meeting margin requirements and any applicable funding payments.<\/p>\n\n\n\n
The 24\/5 trading schedule would also give investors access to stock-linked markets outside normal U.S. exchange hours.<\/p>\n\n\n\n
Regular U.S. stock market trading typically runs from 9:30 a.m. to 4 p.m. Eastern Time on weekdays, although some brokers also provide premarket and after-hours trading.<\/p>\n\n\n\n
Coinbase\u2019s proposed structure could therefore give traders more flexibility, especially during periods when the underlying shares are not actively trading on major stock exchanges.<\/p>\n\n\n\n
Single-stock perpetual futures are derivatives that track the price of individual companies.<\/p>\n\n\n\n
For example, a trader using a Nvidia perpetual contract could benefit from an increase in Nvidia\u2019s stock price or potentially profit from a decline by taking a short position. However, the trader would not actually own Nvidia shares.<\/p>\n\n\n\n
That means perpetual futures holders would not receive the same rights or benefits as shareholders.<\/p>\n\n\n\n
Traditional shareholders may be eligible for voting rights, dividends, and other corporate benefits. Perpetual futures traders instead hold contracts whose value is linked to changes in the underlying stock price.<\/p>\n\n\n\n
Perpetual contracts typically use funding payments to keep their prices close to the value of the referenced asset.<\/p>\n\n\n\n
Depending on market conditions, traders holding long positions may pay funding to short-position holders, or the payment flow may move in the opposite direction.<\/p>\n\n\n\n
Coinbase also plans to support leverage for the proposed contracts.<\/p>\n\n\n\n
Leverage allows traders to control a larger position using a smaller amount of capital as margin. This can increase potential profits when the market moves in the trader’s favor.<\/p>\n\n\n\n
However, leverage also increases risk.<\/p>\n\n\n\n
If the market moves against a trader, losses can grow quickly, and the position may be liquidated if the trader’s collateral falls below the required margin level.<\/p>\n\n\n\n
Because the contracts could continue trading outside regular stock-market hours, liquidity and pricing could also become especially important.<\/p>\n\n\n\n
Trading conditions may be thinner during overnight periods, potentially creating larger price movements or wider spreads.<\/p>\n\n\n\n
Coinbase has not yet published complete details about the contracts, including leverage limits, funding calculations, reference pricing, or an expected launch date.<\/p>\n\n\n\n
Coinbase already operates regulated cryptocurrency derivatives services in the United States.<\/p>\n\n\n\n
The proposed stock perpetuals would expand that business beyond digital assets by applying a similar perpetual-futures structure to traditional U.S. equities.<\/p>\n\n\n\n
If regulators approve the products, U.S. customers could potentially gain access to single-stock perpetuals through a regulated domestic trading venue rather than relying on offshore platforms or decentralized trading protocols.<\/p>\n\n\n\n
Coinbase has described the proposal as the first single-stock perpetual futures offering of its kind in the United States.<\/p>\n\n\n\n
The final availability of the contracts, however, will depend on the regulatory review process.<\/p>\n\n\n\n
Coinbase’s proposed perpetual contracts should not be confused with tokenized stocks.<\/p>\n\n\n\n
A single-stock perpetual is a derivative that tracks the price of a company without transferring ownership of the actual shares.<\/p>\n\n\n\n
Tokenized equities, depending on how they are structured, may instead represent ownership of real securities or claims backed by those securities.<\/p>\n\n\n\n
Coinbase CEO Brian Armstrong has previously argued that properly structured tokenized stocks should be backed by real securities and should preserve the rights associated with the underlying shares.<\/p>\n\n\n\n
The planned perpetual futures would work differently.<\/p>\n\n\n\n
Traders would receive price exposure through derivatives contracts, while the underlying company’s shareholder records would remain unchanged.<\/p>\n\n\n\n
The Coinbase filing comes as U.S. regulators continue examining how blockchain technology could be used in traditional financial markets.<\/p>\n\n\n\n
The Securities and Exchange Commission has been considering changes involving transfer agents and blockchain-based recordkeeping for securities ownership.<\/p>\n\n\n\n
Nasdaq has also received approval to test tokenized stock trading, highlighting growing interest in combining traditional equities with blockchain-based infrastructure.<\/p>\n\n\n\n
However, these initiatives are structurally different from Coinbase’s proposal.<\/p>\n\n\n\n
Tokenized securities involve ownership or securities-market infrastructure, while Coinbase’s planned products are derivatives designed to follow the price of individual stocks.<\/p>\n\n\n\n
Coinbase has already started increasing its exposure to traditional financial markets in other regions.<\/p>\n\n\n\n
In the United Kingdom, the company has begun rolling out 24\/5 trading for nearly 4,000 U.S. stocks to eligible customers.<\/p>\n\n\n\n
That service provides access to actual shares rather than perpetual futures, making it different from the products proposed for the United States.<\/p>\n\n\n\n
Coinbase has also been expanding its international operations in regions such as the Middle East.<\/p>\n\n\n\n
The company recently received regulatory permission in Abu Dhabi Global Market and plans to use the region as a base for developing international tokenization products and financial services.<\/p>\n\n\n\n
Those approvals are separate from the company’s U.S. perpetual futures filing.<\/p>\n\n\n\n
Coinbase will still need to complete the relevant U.S. regulatory process before its proposed single-stock perpetual contracts can become available.<\/p>\n\n\n\n
For now, the company has confirmed that more than 50 stocks are part of the filing, but it has not released the full list or confirmed which contracts would launch first.<\/p>\n\n\n\n
A specific launch date has also not been announced.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Coinbase is looking to expand its U.S. derivatives business with a new lineup of perpetual futures linked to more than 50 major American stocks, including Nvidia, Microsoft, and Tesla. The crypto exchange said it has submitted the proposed contracts for listing on its regulated U.S. derivatives platform. If approved, the products would allow traders to…<\/p>\n","protected":false},"author":3,"featured_media":16697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[166,65,121],"class_list":["post-16696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-coinbase","tag-crypto","tag-trade"],"yoast_head":"\n