- Coinbase is seeking U.S. approval to offer perpetual contracts tied to individual stocks.
- Stock perps enable 24/7 leveraged trading but need SEC and CFTC approval.
- Coinbase hopes to bring crypto’s always-on trading model to traditional markets.
Coinbase is expanding beyond crypto by offering U.S. traders perpetual contracts based on individual stocks.
The company is working on launching these products in the U.S. and has filed the required notices with the SEC for its derivatives exchange and broker. Coinbase also plans to work with the SEC and CFTC to introduce more financial products in the U.S.
The products will allow U.S. traders to bet on individual stocks with leverage 24/7, even when the regular stock market is closed.
Coinbase’s SEC Filings Are an Important First Step
Coinbase Derivatives filed to register as a security futures exchange, while Coinbase Financial Markets filed to operate as a security futures broker. The filings do not say when the products will launch, which stocks will be available, or what leverage limits will apply.
Single-stock futures are complicated in the U.S. because regulators treat them as both securities and derivatives. This means Coinbase must follow rules from both the SEC and CFTC.
So, Coinbase still has to meet the requirements of both regulators before U.S. customers can use these products.
Why Stock Perps Could Make Stocks Trade More Like Crypto
Perpetual futures are different from buying stocks directly. Instead of owning shares, traders use a contract that tracks a stock’s price. These contracts have no expiration date and use funding payments to keep their price close to the actual stock price.
Coinbase already offers stock perpetuals outside the U.S. Eligible traders can use them to trade U.S. stocks and groups of stocks with leverage 24/7, including weekends, without actually owning the stocks.
The product launched internationally in March 2026 as part of Coinbase’s plan to become an “Everything Exchange” offering crypto, traditional investments and other financial products.
Now, bringing stock perps to the U.S. will allow traders to react to major news at any time. They would not have to wait for the stock market to open to hedge their investments or take leveraged positions.
Will Traditional Brokers Face Pressure?
Coinbase’s product may put pressure on traditional brokers by making it easier to trade stocks with leverage around the clock. Crypto has made 24/7 trading normal, and Coinbase wants to bring that same idea to stocks.
For investors, this means more flexibility. But nonstop trading also brings risks, including lower liquidity, bigger price swings, margin problems, and greater overnight risk.
If regulators approve stock perpetuals in the U.S., Coinbase could help bring crypto’s 24/7 trading model to traditional finance. That would support Coinbase’s bigger goal of becoming a marketplace where many types of financial assets can be traded with crypto’s speed and flexibility.
Related: Coinbase Partners With Webull to Expand Canadian Crypto
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
