Coinbase has asked U.S. regulators to approve perpetual futures tied to more than 50 individual stocks. The proposal would expand the exchange’s derivatives business beyond crypto and broad equity indexes.
The contracts could cover major companies such as Nvidia, Apple, Microsoft, and Tesla. Coinbase could introduce the products later this year if regulators approve its plans.
Coinbase Pushes Beyond Crypto Derivatives
The proposed contracts would let traders speculate on stock prices without owning the underlying shares. Unlike conventional futures, perpetual contracts carry no set expiration date. Funding payments generally help keep their prices aligned with the underlying stocks.
Additionally, traders could use leverage, creating greater exposure while increasing liquidation risks. Holders would not receive voting rights or dividends linked to the underlying companies.
Moreover, Coinbase faces competition as other platforms pursue similar products. Crypto.com and Kalshi have also explored stock-linked perpetual futures through different regulatory routes.
U.S. Market Faces New Derivative Options
Similar contracts already operate on offshore platforms, including Hyperliquid. Consequently, Coinbase’s proposal could bring comparable products into the U.S. under regulatory oversight.
However, the initiative differs from the SEC’s new framework for tokenized stocks. Tokenized securities represent underlying shares and can provide shareholder rights. Perpetual futures instead track stock prices through derivatives.
Significantly, Coinbase’s banking expansion continues alongside its derivatives plans. The exchange recently partnered with Stablecore to support digital-asset services across financial institutions.
Related: CFTC Sends Crypto Rules to White House After CLARITY Act Setback
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.
