Coinbase Seeks CFTC Approval to List Stock Perpetual Futures
Coinbase filed with the CFTC to offer perpetual futures on US single stocks like Apple and Tesla, a move that could reshape crypto-native trading.
Coinbase filed with the Commodity Futures Trading Commission to list perpetual futures contracts tied to individual US stocks, including Apple and Tesla, marking an aggressive push by the crypto exchange into traditional equity derivatives. The filing signals Coinbase's ambition to bridge crypto-style trading instruments with mainstream Wall Street securities.
The exchange used an Apple contract as the structural blueprint for its filing. That model contract is cash-settled, carries no fixed expiration date, and would be available for trading from Sunday through Friday — a schedule that mirrors crypto markets rather than traditional stock exchanges, which operate on weekday hours only.
Read more Interactive Brokers Converts 77 Cents of Every Revenue Dollar to Pretax Profit →
Perpetual futures, long a staple of crypto trading platforms, differ from standard futures in that they never expire, allowing traders to hold positions indefinitely while paying or receiving a periodic funding rate. Introducing this mechanism for single US stocks would be a novel development in regulated American markets and could attract both retail crypto traders seeking equity exposure and traditional investors drawn to the flexible contract structure.
The CFTC filing does not guarantee approval, and the regulator will need to evaluate whether the proposed contracts meet existing rules governing derivatives markets. The outcome could set a significant precedent for how crypto exchanges are allowed to expand into equity-linked products under US financial oversight. Analysts will be watching closely to see whether regulators embrace or push back on this convergence of crypto and stock market infrastructure.
Continue reading at Yahoo.
